Prize Payments and Taxes
Details related to prize payments and taxes
The remaining annual payments will be made to the estate of the deceased prize winner.
Tue, Jun 16, 2020 at 9:14 AM
Questions involving taxes require individual answers. Winners should consult a qualified tax accountant.
Tue, Jun 16, 2020 at 9:14 AM
For prizes of more than $600, 5% is withheld and sent to the Massachusetts Department of Revenue. For prizes $5,000 and greater, 24% of the prize is withhel...
Tue, Jun 16, 2020 at 9:15 AM
The Massachusetts State Lottery will provide a withholding statement (W2G) on all prizes over $600. However, if your Lottery prize is greater than $5,00...
Tue, Jun 16, 2020 at 9:15 AM
Due to the volume of requests for tax form information, the Lottery has a dedicated phone line for all tax-related inquiries. Please call 781-849-5555 ext. ...
Tue, Jul 21, 2020 at 2:07 PM