How much tax do you have to pay on New York lottery winnings?

Answer

Individuals who play the lottery in New York will be subject to an 8.82% state tax withholding as of December 2012. In Addition to that, NYC residents will pay an additional 3.648% in taxes. Yonkers residents will also pay an additional tax on their lottery winnings of 0.897%.
Reference:
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1. Gather the W-2G forms that you’ve received with your lottery winnings. If you receive annuity payments, a W-2G Form will be provided with each check. 2. Open a Web browser
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35% Federal and 30% New York Income Tax.
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