How much will Mega Millions winner get after taxes? $ billion

Taxes on Lottery & Gambling Winnings: What You Need to Know how much is taxes on lottery winnings Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts, how to play 5 card poker Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

how to play tc lottery The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn