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State lottery winnings means lottery winnings from a wager placed in a state-conducted lottery where the wager is placed with the state agency conducting the
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That is unless your regular household income already places you in the top tax bracket prior to winning In that case, all of it is taxed at 37% This can be
winning numbers illinois lottery Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,