Welcome Guest
Log In | Register )
You last visited January 20, 2017, 3:06 pm
All times shown are
Eastern Time (GMT-5:00)

How much tax is witheld on $5,000 pick 4 win in NY ?

Topic closed. 1 reply. Last post 9 months ago by mjwinsmith.

Page 1 of 1
MoneyMike$'s avatar - Lottery-050.jpg
United States
Member #167314
July 5, 2015
1810 Posts
Posted: May 5, 2016, 3:07 pm - IP Logged

Anybody know?


" What's more likely to happen will happen.. "

Million dollar operation 


    mjwinsmith's avatar - moon

    United States
    Member #391
    June 8, 2002
    16276 Posts
    Posted: May 5, 2016, 3:16 pm - IP Logged

    Anybody know?

    Why not go right to the source, the New York State Lottery Website;


    The Gaming Commission is required to report and withhold income taxes from Lottery prizes according State and federal law and regulations.

    The current tax withholding rates are:
    Federal withholding 25%
    Federal backup withholding 28%
    Federal Non-resident Alien withholding 30%
    New York State withholding 8.82%
    New York City withholding 3.876%
    Yonkers withholding 1.477%

    The New York Gaming Commission is required by law to withhold Federal and New York State income taxes from taxable prizes over $5,000, regardless of the winner's place of residence. By law, the Gaming Commission is also required to withhold overdue taxes owed to New York State, past-due support and prior public assistance from any Lottery prize of more than $600.

    "Don't be a Dummy, Make 'Dat Money"

    Mjwinsmith's Blog Page:   http://blogs.lotterypost.com/mjwinsmith/

    "How to Play My Pick-4 System": https://www.lotterypost.com/thread/306450