Income tax payable on winnings from online, offline games of chance

Estimate the taxes owed if you win the current Mega Millions jackpot on both the annuity and cash lump sum options

In Michigan, gambling winnings are subject to a 24% withholding for federal tax That said, the actual amount you need to pay taxes on depends

jackpot disawar taxes are shown as a fixed-rate calculation In states that calculate tax with graduated rates this results in our chart showing a slightly higher tax

jackpot result 130 pm Cash Option Present Day Cash Value Federal Tax State Tax One-Time Net Cash Value Amount Please note that the jackpot prize calculator will