These are the best, worst states to win the lottery in

$ billion Mega Millions: How is the lottery taxed in CA? federal lottery tax rate The Ohio Lottery Commission doesn't track that figure and the Department of Taxation doesn't isolate income taxes generated from the lottery, federal lottery taxes This means you'll pay the highest federal tax rate of 37% Assuming there are no deductions, you'll be liable to pay $344,814 in federal taxes

federal lottery tax rate Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes