How state of Michigan will hit tax jackpot after $1B lottery winner

For prizes over $5,000, the Lottery is obligated to withhold 24% for federal income tax and % for state income tax, according to the

Though there are some states that do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as

taxes on michigan lottery winnings Michigan Lottery news service I asked the retailer for a ticket Taxes on Gambling Winnings and Losses: 8 Tips to Remember · States

yono 365 game Mega Millions lottery jackpot payout The Mega Millions payout changes after each drawing, and the lump sum payout is much less than the advertised jackpot