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Washington state getting ready to impose huge taxes on lottery jackpotsReply
How does it become state taxes for all?
Feb 20, 2026, 3:05 pm - MsBee18 - Lottery Discussion Forum

Washington state getting ready to impose huge taxes on lottery jackpots
Just a heads-up to Washington state players: You may go from zero taxes on lottery wins to 9.9% state tax on jackpot wins. This is among the largest state taxes in the country. The Washington state senate passed legislation in the past couple of days to create a new state tax on millionaires , which means lottery jackpot winners. The bill now goes to the state House, and then after that to the governor to sign. What a tragedy. If lower income residents of the state think they're safe
Feb 20, 2026, 1:37 pm - Todd - Lottery Discussion Forum

2026 tax rates now published at USA MegaReply
We are #6 if you include the additional taxes. Minn 7.25% Add'l state taxes due (9.85% final rate) NJ 8% state tax withheld Add'l state taxes due (10.75% final rate) NY 8.82% state tax withheld Add'l state taxes due (10.9% final rate) New York City (3.876%) and Yonkers (1.82575%). Ore 8% state tax withheld Add'l state taxes due (9.9% final rate) Wash DC 10.75% state tax No Add'l tax
Jan 7, 2026, 6:57 pm - grwurston - Lottery Discussion Forum

Did Hell freeze over?Reply
Hopefully they will also put up estimated lump sum winnings after taxes. Figuring out your taxes isn't the lottery's job, and they don't know what your taxes would be, anyway. For a cash value of 10 million or more almost all of it will be in the highest federal bracket and the upper NY brackets unless you've got some big deductions and they don't have a clue about your deductions. If you want to know the after-tax value you can easily do it yourself and come reasonably close.
Oct 4, 2025, 12:36 am - KY Floyd - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
Thank you for that indepth detailed link to the PCH Annuity Sweepstakes Bankruptcy. :) I was mistaken when I said he was supposed to get millions until his death, turns out he was getting $260,000 a year before taxes. That's still a very nice chunk of change to live off. There are people who work for 10 years and accumulate around $260,000 minus taxes and he was getting that every year for 10 years and not having to work. He shouldn't have blown his money frivolously.
May 26, 2026, 9:18 am - Lotto Motto - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
I see the Measly went up $8.9M in cash value($5.6M After Fed taxes taxes)..... Kudos to the participants and good luck on your next $5 purchase.
May 7, 2026, 8:06 am - CDanaT - Lottery Discussion Forum

would you rather win 1, 10, 50, 100, or 500 million $Reply
I chose 50 million. Enough to make me comfortable for the rest of my life but not really enough to make me a target. The vultures tend to go after the winners who won around a billion or more before taxes and tend to not really care about people who won 50 million before taxes.
Jan 26, 2026, 12:19 pm - Lotto Motto - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
So if you had a choice between making $1, 000,000 and paying 25% in taxes or making $10,000,000 and paying 95% in taxes you would go with the $10,000,000 because you are making more money.
Sep 5, 2025, 4:56 am - grwurston - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
Sure, the rest of us have no problem paying income taxes on our hard-earned wages and salaries while the lucky winner of a massive jackpot should pay nothing. It's mind-boggling how many people are willing to subsidize somebody who has 50, 100, 1000 or 100,000 times as much money as they do. You wouldn't be saying that if you won. There are some countries that do not tax lottery winnings. Unfortunately we are not one of them. where you're guaranteed to get good vacation time.
Sep 4, 2025, 2:01 am - KY Floyd - Lottery Discussion Forum

Taxes
I'm a member of a large group that have been playing for years. When the time comes and we win I know a tax attorney and accountant is suggested. I have read a LLC or of sort will be needed to claim the one check prise. My question is......... I know the Florida lottery collects 24 percent before issuing the check to the LLC and the LLC will distribute equal checks to each member. Now each member will be taxed again. That's double tax in my opinion. Can each member get a tax credit for what was
May 22, 2026, 11:27 am - Booroo - Lottery Discussion Forum