Publication 505 , Tax Withholding and Estimated Tax

Florida lottery ticket hits $ billion jackpot, nets $ million 5 million lottery after taxes million after taxes, the lottery said Here are the winning numbers There were no lucky winners for the Match 5 or Match 5 + Power Play 50 50 lottery If the lump sum payment is chosen, the prize amount will drop to $ million after a mandatory federal tax withholding of 24% is applied

500 million lottery Melvin Stubbs III won $140,001 after winning the Rolling Cash 5 on Monday He will take home $100,800 after state and federal taxes, totaling 28