23VAC10-140-282 Withholding on lottery prizes

Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes

So after subtracting the cost of your ticket, you will owe federal income taxes on what remains How much exactly depends on your tax bracket,

income tax on lottery winnings The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be

income tax on lottery winnings in india These lotteries generate revenue for the government, and there are different rates of taxation based on the type of ticket purchased If you win