Are gamblinglottery winnings subject to Michigan individual income

Tax on winning lottery, puzzle, card game, horse race lottery winning tax rate With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after lottery numbets Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken

lottery result yesterday fifty fifty Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no