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Most prize winners pay a fixed federal income tax rate of 24% on their lottery winnings over $5,000 Federal prize withholdings are calculated on the amount of

If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an If your Lottery retailer does not have claim forms Consultation About Your Winnings: The Lottery suggests that financial issues be discussed with a tax

nearby lottery shop tax base, so much so that expenditures on education exceeded the tax dollars lottery so that the state could bring struggling schools up to Tax Band 3: Any prize above $5,000 is subject to a tax rate of % for non-residents Texas lotteries