So apparently if you win over $1000 in the Florida lottery

florida lottery taxes
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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,

And as we've also covered, for wins of $5,000 or more, the Florida Lottery will in most cases withhold 24% of your winnings for federal income tax In other LAKELAND, Fla — Thousands of Floridians have had their lottery winnings withheld by the state because they were overpaid in unemployment

lottery result 11 California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal For a $1 billion lottery jackpot, the cash payout is $ million After taxes that's $ million, which doesn't sound nearly as exciting