Taxes and Tax Preparation
Income Taxes
Lotteries

How much tax is taken out for the Texas lottery?

User Avatar
Wiki User
May 12, 2010 1:47PM

If you have any kind of gambling winnings the payer may have to withhold income tax at a flat 28% rate.

When you complete your federal income tax return correctly and your lottery winnings is large enough you your marginal tax rate maximum amount at this time for the 2009 and 2010 tax year was and is 35% maximum marginal tax rate for an individual taxpayer.