California Mega Millions Jackpot Annuity Payout Schedule

If you win the Mega Millions jackpot in California, you'll be happy to know that there are no taxes on lottery winnings in the state

While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more Joe

california lottery usa Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

california lottery draw What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted