0 votes
Do you pay tax on Powerball winnings?

1 Answer

0 votes
All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 25%. This potentially leaves a gap between the mandatory amount of withholding and the total tax you 'll ultimately owe, depending on your tax bracket.
Welcome to All about Slots&Casino site, where you can find questions and answers on everything about online gambling.