Pay Taxes – The Lotto Guide

Taxes on lottery winning

September 19, 2009 Lotto Questions

How do taxes on lottery winning work? I know that when you win a large sum of money in the lottery you have to pay a large amount of taxes, sometimes it can add up to 40% of your winnings. But after paying these taxes, you put the rest of your money in the bank, do you ever have to […]

What is the dollar amount that you can win in a lottery before having to pay taxes on it?

April 13, 2009 Lotto Questions

What is the dollar amount that you can win in a lottery before having to pay taxes on it? The casino is in Oklahoma. I was just wondering if the people of Kansas who won the lottery down in Oklahoma were to pay taxes if it reaches a specified dollar amount? Posted by: Renee B Answers In the United States, […]