Search

Is this Mega Millions cash value tax calculation correct? (Florida example)Reply
Click on USA MEGA, then select MM, Jackpot Analysis. Select your filing status and get the payouts for both cash and annuity for any state.
Apr 9, 2026, 8:10 pm - grwurston - Lottery Discussion Forum

Anti Computerized Lottery PetitionReply
Hate to give you the bad news but if you win in Va, but live in Md, you will pay the Va 4% initial withholding at time of payout, 5.75% total tax due, plus the difference between that and Md's 9.5% state tax. And the 24% fed taxes. Go to USA MEGA, click on MM FAQ's or PB FAQ's, scroll down past the state tax tables and read the section, If I live in a state that taxes prizes, but bought my ticket in a state with no tax on prizes, do I still need to pay state tax? When you do final
May 4, 2026, 3:55 am - grwurston - Lottery Discussion Forum

Is this Mega Millions cash value tax calculation correct? (Florida example)Reply
If the winner chooses the cash option, is this calculation correct? 24% federal withholding upfront Additional ~13% federal tax at filing ( 37% total) That's plenty close enough unless you've actually won and are doing your tax return. Sometimes you know exactly how much a prize will be, but most of the time even the lottery doesn't know exactly what the cash jackpot is until there's a winner and they total the revenue up through the very last ticket that was sold. Of cours
Apr 11, 2026, 5:47 pm - KY Floyd - Lottery Discussion Forum