Mega Millions jackpots, as well as any large lottery prize, are subject to taxes. Your local lottery has to withhold 24% in federal taxes in addition to the state lottery tax. You’ll face ...
Lee’s proposal would reallocate 80% of the revenue from sports betting to a dedicated fund for K-12 public school facilities ...
(The Center Square) — A Tennessee lawmaker is proposing a 5% tax on sales of lottery tickets. House Bill 51 by Rep. Kelly Keisling, R-Byrdtown, would require counties to collect the tax and ...