What Taxes Are Due on Gambling Winnings?

what percentage of taxes are taken out of lottery winnings
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Lottery winnings and Gift Tax ; Number of years between giving the gift and you passing away, Rate of Inheritance Tax to be paid ; 0-3, 40% ; 3-4

A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of

what is lojack in poker Lottery winnings and Gift Tax ; Number of years between giving the gift and you passing away, Rate of Inheritance Tax to be paid ; 0-3, 40% ; 3-4

whats a royal flush in poker The federal government will take 24% off the top of lump sum winnings from the Mega Millions jackpot Then it is the state's turn