“Mega Millions jackpot reaches $421 million: Here are the best and worst states for taxes on lottery winnings”
January 27, 2022
“After no winning tickets matched all six numbers drawn on Tuesday, January 25, Friday’s Mega Millions estimated jackpot is $421 million, before taxes are taken out, according to MegaMillions.com...
The worst states in which to hit the Mega Millions jackpot
5. Maryland
Top tax rate on lottery prizes: 8.95%
Estimated state tax bill: $26 million
4. Minnesota
Top tax rate on lottery prizes: 9.85%
Estimated state tax bill: $28.7 million
3. Oregon
Top tax rate on lottery prizes: 9.9%
Estimated state tax bill: $28.8 million
2. Tied: New Jersey, and Washington, D.C.
Top tax rate on lottery prizes: 10.75%
Estimated state tax bill: $31.3 million
1. New York
Top tax rate on lottery prizes: 10.9%
Estimated state tax bill: $31.7 million
…
The best states in which to hit the Mega Millions jackpot
1. Tie: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming…”
https://grow.acorns.com/mega-millions-best-worst-states-taxes/
What I’m about to say is very important. For those of you who can not control yourselves please do not play the lottery. The lottery is something you do for fun every now and then and most certainly don’t expect to win. You have better chances of getting struck by lightening. Just know when you play the lottery you’re throwing your money away for the most part.