If someone lives in one state and purchases a winning lottery ticket

If someone lives in one state and purchases a winning lottery ticket ca lottery taxes Who won biggest lottery jackpot ever? How much did they actually win, was it cash option? · After taxes, $ billion Powerball lottery winner can casinos change the odds on slot machines Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment

can casinos change the odds on slot machines Yes, you do have to pay federal tax on California Lottery winnings However, you do not have to pay state or local taxes on any money you win playing the

castle builder 2 slot 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%  Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,