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Roughly $1500 It changes from person to person..it can be as low as 0. The money is taxed as ordinary income, which keans you pay a tax on it based on your own personal situation, considering other income, other deductions, exemptions, state of residence, etc.

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14y ago
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15y ago

According to the IRS, all casino winnings are taxable (in the U.S.)

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Wiki User

11y ago

no but anything over six hundred dollars you will have to pay taxes

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Q: How much are the taxes on a 5000 lottery win?
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