How much tax has to be paid on lottery or game show prize money?

Tax on Winning Game Shows and Lotteries how much taxes do you pay on lottery winnings Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments how to play 3 card poker rules Income tax is withheld at a flat 24% rate from certain kinds of gambling winnings are: More than $5,000 from sweepstakes, wagering pools,

how a poker face girl really feels Section 115BB imposes a flat income tax rate of 30% plus cess and surcharge on winnings from offline gambling or betting games