Winning $ Million Powerball ticket sold at Food Castle remains

For prizes over $5,000, the Lottery is obligated to withhold 24% for federal income tax and % for state income tax, according to the

Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

what is the cutoff time to buy powerball tickets A Powerball lottery ticket sold outside Flint, Michigan, won $ million After required federal and state tax withholdings, he took home $71,251

what is a freezeout tournament in poker While some jurisdictions have no income tax — or do not tax lottery winnings — others impose a top tax rate of more than 10% Nevertheless