Oregon's lottery winner is a billionaire before taxes; how much will

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In 2021, state and local governments in the United States collected about billion dollars by lottery In 1982, this value was much

As most lottery jackpot winners do, the victorious group opted for a single lump sum, which amounted to $422m after taxes It undoubtedly stands Where you purchase your winning ticket matters due to state income and withholding taxes While lottery winnings are subject to state income tax

wild 88 slot tax rate compared to the annual payment option “Taxes take a big bite out of your winnings,” AARP said “According to the USA Mega analysis Lottery winnings are treated as income by the federal government and most states, and thus are subject to state and federal income taxes