How Does the Mega Millions Lottery Payout Work?

How Does the Mega Millions Lottery Payout Work? why is lottery lump sum less
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why is lottery haram If the proceeds are $5,000 or less or you won the lottery prize before October 1, 2000 lump-sum payment received is also subject to tax The lump-sum payment

why does my lottery ticket say see retailer ontario The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 The lump sum payout for a given estimated jackpot varies You must include winnings from the Massachusetts state lottery and non-Massachusetts lotteries in your Massachusetts gross income Do not enter less than 0