Oregon's lottery winner is a billionaire before taxes; how much will

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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,

The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes

smugglers cove slot New York has the highest lottery tax rate at % If you live in New York City, you'll face an additional % withholding, according to the Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%