Three of the ten largest lottery jackpot winning tickets in US history

california lottery taxes
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California is one of the few states where lottery winners can pay no state taxes

This means if you live in those states and win, you will get $374,954,812 One note: Your winnings could also be subject to local taxes in some Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

being a professional poker player Lottery winnings do not get taxed on the California state level but are subject to federal taxes We can not stress enough how important it is The California Lottery will still withhold 24 percent of your winnings to pay federal taxes if you're a citizen or resident alien, and