Lottery Legal Advice

Colorado Lottery Tax · For prizes exceeding $5,000, there is now a 28% tax withholding for American citizens · Colorado Lottery tickets

In Colorado, a winner would receive $357 million with annuitized payments or $ million with the cash lump sum Colorado sits in the middle

colorado lottery winner The federal government automatically takes 24% in tax withholdings on all prizes over $5,000 So, at a cash value of $ million, the federal

colorado poker The federal government does not have a general lottery tax Lottery winnings are just taxable income Those funds go into the general fund