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October 20, 2018

Comments

I'm guessing you're not alone in having that wish, Charlene! :) But the daydreaming is part of the fun, isn't it?

For the lump-sum amount, federal and state withholdings apply before the prize is paid. The federal withholding rate is currently 24 percent and the state withholding rate in Iowa is 5 percent. And in Iowa, lottery winners' information is public, so it is not possible to claim a prize anonymously.

How I wish I would have the winning ticket

For the Lump Sum option, are taxes taken out before that amount or after you receive that amount? And do you have the option to opt out to remain anonymous if you are the winner of the jackpot? Thank you!

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Mary N
As the lottery’s vice president of external relations, I’m a member of the senior management team at the Iowa Lottery, where I’ve worked since 1999. I’ve spent my years at the lottery learning as much as I can about all the ins and outs of the lottery industry. I’ll put that knowledge to work here so I can share the behind-the-scenes details with you!