If you've ever won a prize between $600 and $5,000, you already know that you may pay 4% state tax on the prize when you file your tax return.
Every year our claims office sends out W2-G forms to lottery winners for cash reporting purposes.
Starting March 23, 2022, that process is going to look a little different.
The legislature made a change in House Bill 29 to withhold state taxes at the time a lottery prize of $600 and over is claimed instead of just issuing a W2-G at the end of the year for tax filing purposes.
This means that when you claim your prize of $600 to $5,000 through our mobile cashing app, at a Super Retailer, or in one of our Ohio Lottery offices, the prize you receive will have the 4% state tax already taken out.
Winners will still receive a W2-G form at the end of the year for tax filing.
Consult with your tax advisor for more information when filing your tax return.
Learn more about claiming by
clicking here.