Taxes on Lottery & Gambling Winnings: What You Need to Know

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Where does Illinois Lottery revenue go? · Over $ billion was paid in prizes to Illinois Lottery winners; · $882 million was used to fund public education and

Two people in Illinois who won an astounding $ billion Mega Millions jackpot in July will split a $ million pre-tax cash lump sum, Where does Illinois Lottery revenue go? · Over $ billion was paid in prizes to Illinois Lottery winners; · $882 million was used to fund public education and

nc education lottery cash 5 Pritzker of Illinois who advocate for progressive income taxes also support one of the most regressive taxes: lotteries This sort of “taxation Mega Millions jackpot won in Illinois two years ago Meanwhile Every state is required to withhold 25% in a federal lottery tax