Prize Payments and Taxes

Details related to prize payments and taxes

What happens if a winner dies before collecting all the annual payments due?
The remaining annual payments will be made to the estate of the deceased prize winner.
Tue, Jun 16, 2020 at 9:14 AM
If a person is retired or on Welfare or Social Security, how will winning the Lottery affect them?
Questions involving taxes require individual answers. Winners should consult a qualified tax accountant.
Tue, Jun 16, 2020 at 9:14 AM
How much do I have to win before anything is withheld?
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
Does the Lottery send me a withholding statement (W-2)?
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
I lost my W2G form. What do I do?
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