Mega Millions jackpot is $750 million

California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,

Mega Millions jackpot is $750 million Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away

California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,

if you won the lottery If you're familiar with big lottery prizes or other gambling wins, you know you have to pay taxes on your prize How much you pay will

If you run a sports event or competition and give more than $500 in prize money to a participant, you will need to deduct 20% withholding tax

if you find a winning lottery ticket can you claim it If you pick up the winning ticket in Arizona, however, you'll owe % In Arizona, after all taxes, roughly $ million would be withheld

Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another