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For prizes over 5,000.00, US citizens and resident aliens with a social security number are subject to a 25 deduction to their prizes, which represents federal taxes.
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Our California(CA) Super Lotto jackpot analysis is going to use 52 of the jackpot amount as an example to calculate the tax liability and the amount of cash a single winner would win after tax deducted.
New York Lottery supported New York state education by providing funds amounting to 3 billion in the periods.