About Us
Tax Information
For prize payments over $5,000 taxes will be withheld as follows:
- 25.0% federal tax
- 8.75% state tax for Maryland residents
- 7.0% state tax for non-Maryland residents
For information on Lottery prizes and your Maryland tax obligations please visit the websites below:
- individuals.marylandtaxes.com/incometax/estimated/gambling.asp
- individuals.marylandtaxes.com
- business.marylandtaxes.com/taxinfo/withholding/gambling.asp
For information on Lottery prizes and Federal tax obligations visit: www.irs.gov
