How much money will you get after taxes if you win the Mega

how much do they take out of lottery winnings   Dan how to win keno lottery

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

As for state taxes, New Jersey automatically withholds 8% for payouts of more than $500,000, which will cost the winner about another $43 In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

states you can claim lottery anonymously Whether they win $500 million or $1 million, about 70 percent of lotto winners lose or spend all that money in five years or less Read the How long do lottery jackpot winners have to claim a prize? Remember The 37+ best early Prime Day deals to shop before they sell out