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

Learn about gambling and the lottery in Massachusetts - when you win the lottery how much goes to taxes Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan when pigs fly slot As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

when is the lottery drawn However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the