How much money do you get if you win the lottery?

Answer by  Sikkim (65)

In the U. S. lottery winnings are taxed as ordinary income. If your prize is small, then it just gets added to your other income and you pay regular taxes on it. If the prize is large, then the majority of your winnings will be in the highest tax bracket.

Answer by  Manda (1103)

That all depends on which lottery you choose to enter. Some have big jackpots while others are small. Also, even if you win, you have to pay a portion to taxes, which depends on how much your winnings are and also if you take lump sum or an annuity.

Answer by  Anonymous

Lotteries in Europe take out no taxes, you win 5M Euros you KEEP 5M Euros, I like lottos there ;-)

Answer by  sammy0415 (274)

It depends on which lottery you are playing. The prize varies by state and also by how many people end up with winning numbers.

Answer by  John (9008)

There are numerous lotteries througout the world, and the prizes vary between them. Also, the prize for a particular lottery game can also vary.

Answer by  Anonymous

You Do Not Pay Sate Tax On The Lottery, & I Think The Federal Tax Is Around 25%

Answer by  Olive (1195)

That would depend on the prize!! For scratch tickets in MA, you can win anywhere from $5 to $10,000 depending on the ticket. Larger prizes will involve paying taxes.

Answer by  Spazman667 (259)

The lottery is made to fluctuate depending on how many people have played in prior weeks and when the last time the lottery was one so it really is a unanswerable question but often a lottery winner can get paid one thousand dollars per week.

Answer by  Anonymous

what is the percent of the california lottery winning ticket and how many weeks does it take to get your money

Answer by  Anonymous

how much would your payments be yearly on 1.5million dollars?