Do we have to pay taxes on winning money from a lottery? If

illinois lottery taxes
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According to Nerdwallet's Lottery Tax Calculator, if the lotto winner chose the one-time payment of $3,600,000, they would end up taking

And despite the big money pot, the prize is still subject to taxes Those include an automatic withholding tax of 24% levied against the

illinois lottery scratch off tickets Lotto, Mega Millions, and Powerball winners have 60 days after the date of Additional taxes on all prizes over $600 from citizens and resident

illinois slot machine payout percentage Got a question about Illinois Lottery? Wondering about lottery rules? Do you have to pay taxes on winnings? Find your answer on our FAQs