Judicial Lottery Procedure

Lottery winnings are treated as regular income and subject to state and federal income taxes In the US, most states offer some type of cash

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

federal tax rate for lottery winnings A lottery is a low-odds game of chance or process in which winners are decided federal governments But lotteries are also used in decision-making

federal lottery tax We DO NOT Pay on expired tickets Lottery prizes are taxable If you win more than $600 it will be reported to federal and state tax agencies