How much will I pay in taxes if I win the Kentucky Lottery?
For prizes of $5,000 or less, the state will not withhold any taxes unless the winner is a non-resident or non-US citizen. Winnings of more than $5,000 are taxed 5% by the state and 24% is withheld for federal taxes.
How long does it take to receive KY Lottery winnings?
It typically takes about three business days to process the claim from when it’s received but may take up to two weeks.
Can I buy a KY Lottery ticket online?
The Kentucky Lottery offers online ticket sales for draw games, and tickets may also be purchased at any authorized retailer.
About the Kentucky Lottery
The Kentucky Lottery began in November of 1988 when voters cast their ballots in favor of a state lottery. One month later, it officially launched when laws were signed and approved by Governor Wallace Wilkinson. Tickets went on sale the following April, and more than $5 million worth of instant games were sold on the very first day.
Since then, the KY Lottery has generated more than $5.2 billion in revenue for the state’s Commonwealth, as well as education funding used for tuition grants and scholarships.
To learn more about the Kentucky Lottery please visit the official website.
Information on responsible gaming and problem gaming is available here. Or call 1-800-522-4700.