DC Lottery Information (2024)

FAQs

How much are DC Lottery winnings taxed? ›

Lottery winnings that exceed $600 are reported to the District Office of Tax and Revenue in accordance with District regulations. For winnings of more than $5,000 the DC Lottery withholds 8.5 percent of lottery winnings for District income taxes.

1109.2 A registered iLottery player must be located within the geographical boundaries of the District of Columbia to purchase a play of an iLottery game.

The lottery system tries to match students with their choices in the order in which they're listed, 1st, 2nd, 3rd etc., all the way through 12. After making a match, the program will add the student's name to the waitlist of those schools that were ranked above the matched school.

The General Fund supports services such as education, recreation and parks, public safety, housing, and senior and child services. The DC Lottery directly benefits our players by paying out more than 50 percent of annual sales in prize money, which totals more than $3 billion to date.

In practice, there is a 24 percent federal withholding of the gross prize, plus the remaining tax, based on your filing status. For example, if your gross prize is $1,000,000, you need to pay $334,072 in total taxes ($240,000 federal withholding, plus the remaining $94,072 for single filing status in 2021).

Your Social Security benefits will not be reduced as a result of winning the lottery, regardless of whether or not you have reached your full retirement age.

Claim your iLottery Winnings. All prizes of $4,999.99 or less are automatically deposited into your iLottery account. If you win a prize of $5,000.00 and larger, you will need to visit the DC Lottery Prize Center for payment. You will need to make an appointment by calling 202-645-8000.

So, we can VERIFY - it's true: Right now, Maryland and Virginia drivers do not face penalties in their state for unpaid D.C. camera tickets. WUSA9 is now on Roku and Amazon Fire TVs. Download the apps today for live newscasts and video on demand.

Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax on the prize money. Both residents and nonresidents of Maryland are subject to Maryland income tax on their winnings.

DC Lottery's Second Chance program allows you to turn a non-winning ticket into another chance to win. Look for the 2^nd Chance Charm and enjoy double the fun.

What is DC EdFEST? ›

EdFEST Is the District's Annual Public School Fair!

Did you know 95 cents of every dollar spent on Lottery games goes back to the community through contributions to public schools and colleges, prizes, and retail compensation? Thank you to our players and our retail partners for making it all possible!

The DC Lottery (official name District of Columbia Office of Lottery and Gaming) is run by the government of the District of Columbia, in the United States.

For winnings of more than $5,000, the DC Lottery withholds 24 percent of lottery winnings for Federal income taxes. Federal tax withholding rates are subject to change in accordance with Internal Revenue Service regulations.

Yes and NO. The platforms have a geo-fencing feature that requires iLottery players to be within Washington, D.C. and not within restricted play areas of the District. However, you can login and access your iLottery Account from anywhere. This includes depositing and withdrawing funds to/from your account.

Lottery winnings, considered taxable income, are subject to both federal and state income taxes. The Internal Revenue Service (IRS) imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to 13.3%, adds an additional layer of taxation.

Note that for a jackpot winner who chooses the discounted lump-sum option, the after-tax winnings will be about 30% of the headline jackpot (e.g., a $100 million win will result in around $30 million for the winner, depending on state income tax rates and the exact discount for taking the lump-sum).

If the lump sum payment is chosen, the prize amount will drop to $341.77 million after a mandatory federal tax withholding of 24% is applied. Depending on their taxable income, the winner could face a federal marginal rate as high as 37%, which would further slash the winnings to $283.31 million.

Castro claimed his prize in February, choosing to immediately receive nearly $1 billion in cash, which came out to be roughly $628 million after taxes. The alternative option was to collect the full $2 billion prize through an annuity over 29 years, which financial advisors say is usually the better strategy.