Powerball winnings after taxes: How much the winner could actually

It depends on when you can get the money, not when you know that you won or when you choose to take the ticket in

Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

how many lottery winners per year If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from

how to find out where a lottery ticket was bought winnings , you should re- ceive a Form W - 2G , Certain Gambling Win- nings how much you were paid during the year It also includes your name and