What Taxes Are Due on Gambling Winnings?

What Taxes Are Due on Gambling Winnings? how much is federal tax on lottery winnings
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how does poker work The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

how to play lao lottery California lottery We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report  Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does