Illinois Lottery player claims $746K jackpot prize after iLotto win

Treatment of Substantial Lottery or Gambling Winnings for SNAP illinois lottery taxes Where does Illinois Lottery revenue go? · Over $ billion was paid in prizes to Illinois Lottery winners; · $882 million was used to fund public education and illinois lottery games State and federal taxes are withheld from each annual or quarterly payment Who receives the interest earned on this prize money? If you are a winner who

illinois lottery powerball next drawing If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding