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Ticket 1 field White Ball 1 ticket 1 field White Ball 2 ticket 1 field White Ball 3 ticket 1 field White Ball 4 ticket 1 field White Ball 5 ticket 1 field Powerball. How much will I pay in taxes if I win the IN Lottery? For state residents, prizes between $1,200 and $5,000 are subject to state tax withholdings of 3.23%. Prizes larger than $5,000 are subject to state tax withholdings of 3.23% and an additional 24% federal tax withholding.
Lottery, casinos may be considered in state
Published 9:52 am Thursday, February 11, 2021
Tennessee 20 Lottery Winners
Alabama Senator Del Marsh has released a summary of a education lottery proposal for the State of Alabama.
Marsh, has proposed a plan to expand gambling options in the state that would include a lottery aimed at funding education as well as five casinos that would offer typical casino gaming as well as sports betting.
According to the proposal, the revenue from the lottery and casinos would fund scholarships, help fund broadband internet access, mental and rural healthcare as well as other programs. License fees and taxes associated with the gambling options would also be used to support those programs.
The proposed five casinos would pay a 20% tax rate and license fees, although those fees and taxes would not apply to casinos currently owned and operated by the Poarch Band of Creek Indians as operated on tribal lands.
Four of the five casinos would be at greyhound tracks already in place in the state. Those tracks include Mobile Greyhound Park, Greentrack in Greene County, VictoryLand on Macon County and the Birmingham Race Course.
Under the plan, the casinos would have abilities to operate full casino-style gaming such as slot machines, roulette and blackjack. Sports betting would also be an option.
To learn more from the summary submitted by Marsh, see the proposed bill in the gallery.
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