The 25 Biggest Lottery Jackpots of All Time

Keep Your Money Safe The lottery will never ask you for money to process your winning ticket or to pay any fees upfront Federal and state taxes are paid

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

taxes on lottery winnings calculator That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

tax rate on lottery winnings Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is higher Tax experts say exact tax amounts can't