What Happens When Players Hit the Lottery Jackpot in California?

What Happens When Players Hit the Lottery Jackpot in California? california lottery tax rate
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california lottery fantasy five No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

california hot spot lottery If the winner chooses the lump sum it will face a mandatory federal tax withholding of 24%, leaving them with $ million Depending on the California - no state taxes for lottery prizes; Colorado - %; Connecticut - %; Delaware