Florida lottery ticket hits $ billion jackpot, nets $ million

nyc lottery tax calculator
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New York has some of the heaviest gambling tax rates in the nation The 51% rate on gambling operator's revenues tops every other US state and NY bettors

Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no As you can see from the table above, your winning lottery ticket bumped you up from the 22% marginal tax rate to the 24% rate (assuming you are

ravens free lottery If you live in New York City, you'll face an additional % withholding, according to the state lottery Why have there been so many massive taxes Some states, such as California, Texas and Florida, don't impose any state taxes on lottery winnings, according to CNBC North