Keyword Analysis & Research: louisiana lottery com


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Frequently Asked Questions

Does Louisiana have a lottery?

Louisiana started its state lottery in 1991. Since 2004, the lottery proceeds have funded public education in Louisiana through the “Minimum Foundation Program.” Even before that, the proceeds were primarily used for K-12 public education.The following table outlines the main lottery laws in Louisiana.

How much are the Louisiana taxes on lottery winnings?

Income tax regulations require the Louisiana Lottery to withhold 24 percent federal taxes from each prize over $5,000 and 5 percent state taxes from prizes of $5,000 or more. A gambling income statement, W-2G, is printed for each ticket greater than $600 and given to the claimant when they receive their prize check.


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