Lottery windfall investment
Search documents
An Ohio woman won a $15M jackpot, but she may take home $4.5M after taxes. How to use a windfall to grow your net worth
Yahoo Finance· 2025-12-26 10:05
After all that, Jeanne’s total tax liability related to her win alone comes to about $3 million — meaning she’ll only get to enjoy around $4.5 million from her $50 scratch-off win (which is still a stunning return-on-investment).The Buckeye State also taxes lottery winnings like normal income. Jeanne’s $7.5 million lump sum win would place her firmly in the top state income tax bracket of 3.5% for 2024, which would eat approximately $262,000 from her total.But as lottery winnings are taxed as ordinary incom ...