Mega Millions after taxes: How much the winner could actually take

Luck of the Draw: True-Life Tales of Lottery Winners and Losers if you win a million dollar lottery how much is taxed Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat, if i won the lottery there would be signs meme However, there are 13 states that do not collect taxes on residents' lottery winnings So if you were to win Saturday's $875 million Powerball

if you won the lottery what would you do Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $538,004,000