Here's the tax bill for the winning $ Mega Millions ticket

how much is the lottery taxed
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Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot

how much is poker chips worth Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot

how long has poker been around Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us