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

How Are Lottery Winnings Taxed by State? taxes on lottery winnings in texas The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega taxes on slot machine winnings How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

taxes on lottery winnings florida Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,