Illinois Lottery Calculator, Gambling Winnings Taxes

if you win 10 million in a lottery how much is taxed
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The more popular lump sum option would be reduced to $ million after a 24% federal tax withholding, while a federal marginal rate as high

If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

if you win the lottery how much do you get In practice, there is a 24 percent federal withholding of the gross prize, plus the remaining tax, based on your filing status For example, if your gross prize

if someone goes allin in poker do you have to go allin The winning amount is tagged with 24% of federal taxes followed by 37 % marginal tax rate After you finish draining your winning amount to