Lottery Winnings FAQs

The state of South Dakota does not tax lottery winnings How can I hear about daily updates, special promotions, and jackpot winners? There are a few

Winnings over $600 need to be processed by the Illinois Lottery Claims tax return, W-2 or W-2G tax statement, etc Sign your winning ticket and

taxes on 2 million dollars lottery winnings Florida, South Dakota, Texas, Washington, Tennessee, and Wyoming don't impose any income tax at all, so your winnings are safe here

taxes on slot machine winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes