With lottery wins, the bottom line depends on where you live

It’s that time again when lottery jackpots are big enough that even non-regulars are daydreaming about what they might do with the windfall. The Powerball and Mega Millions jackpots are both over $300 million. You know, of course that if you win, you’ll have to pay big federal income taxes. But state income taxes on lottery wins are all over the map.

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