How much do lottery winners pay in taxes?

what are lottery winnings taxed at
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For prizes over $5,000, the Lottery is required to withhold 25% for federal taxes, and 8% for state income taxes For Video Lottery℠ Platinum Series

First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or

lottery result 9 6 2024 Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows, According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated