The Best and Worst States to Pay Taxes on Lottery Winnings

State of Purchase: State tax laws on lottery winnings vary significantly, from none to over 8% Personal Income: Your winnings add to your yearly taxable income

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

texas poker chips All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the

texas hold''em poker Now it is the state's turn State tax rates on lottery winnings vary If you live in Ohio, your state tax rate for lottery winnings is % So