Home Ministry wants all lottery prize payments to be made via

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

taxes on 1 million dollars lottery winnings Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income

taxes on lottery winnings in florida Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%