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Then don't buy a $20 scratch-off ticket for the New Jersey Lottery's "$1,000,000 Explosion" game. Your chances of winning the $1 million top prize are Z-E-R-O. Every new roll of lottery scratch off tickets is guaranteed a certain number of winners — which vary by game. This is not to say that these will all be big winners. In fact, one-dollar winning tickets are far more common than $500, $1,000, or jackpot winners. Regardless, every time a winning ticket is bought from a roll, the odds of buying ... If your prize is over $600, the prize amount is reported to the IRS and you will have to pay taxes on the amount.As of 2020, the federal tax withheld on lottery winnings is 24%, and state taxes vary across different states, ranging from zero to 13%.The state lottery commission also sends a 1099 to you at the end of the year listing your ……

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Find scan feature – Open your app and find the scan o. Possible cause: Check out our best Tennessee Lottery scratch off ranking based on overall game odds. P.