Here's the tax bill for the $875 million Powerball jackpot

when you win the lottery how much goes to taxes
➡️【Mk.com】✅Play online casino games at Casino. ✅Sign up bonus to play your favorite casino games online. Roulette, blackjack, slots and more. ✅ 

As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of

The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be

when is euro lottery drawn The tax applies to prizes greater than $5,000 In the case of the winning Powerball ticket, that's about $ million for the cash option But

when is the best time to buy lottery tickets The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn