Nj Scratch Off Remaining Prizes (2024)

FAQs

How much are lottery tickets in NJ? ›

1Each Mega Millions play costs $2.00. 2Pick five(5) numbers between 1-70 & one(1) Mega Ball number between 1-25. 3If you'd rather have the Lottery computer randomly select your numbers for you, ask your Retailer for a "Quick Pick."

Earn 5% on every ticket sold. Earn 1.25% payout (cashing commission) on all prizes up to $600.00. Earn 2.5% Bonus up to $30,000 on most games. More information about Commissions and Bonuses.

After the end of the year, each winner will receive a Form W2-G report showing the amount of Lottery prize payments to be reported as income and the amounts of federal and State taxes withheld to be reported as credits on the winner's federal and State tax returns.

For more information, please call the Lottery's Customer Service Department at 1-800-222-0996. All winners, tickets, transactions, drawings, prizes and prize payments are subject to New Jersey Lottery Rules and Regulations and State Law. I have a ticket that I think is a winner, but it won't validate.

Normally, draw tickets expire one year after the drawing date and Scratch-Off tickets expire one year after the official game ending date.

You'll need to fill out a claim form to receive a check for the prize. The lottery says claims can take four to six weeks to process. If you've won a jackpot over $25,000 or just prefer to file your claim in person, you can request an appointment with New Jersey Lottery staff by calling 1-800-222-0996.

Lottery winners can remain anonymous in New Jersey, under a law signed by Gov. Phil Murphy in 2020. New Jersey is one of 18 states where lottery winners can remain anonymous.

The withholding rates for gambling winnings paid by the New Jersey Lottery are as follows: 5% for Lottery payouts between $10,001 and $500,000; 8% for Lottery payouts over $500,000; and. 8% for Lottery payouts over $10,000, if the claimant does not provide a valid Taxpayer Identification Number.

In addition to federal taxes, most states tax lottery winnings. New Jersey is among the highest state tax rates ultimately taking 10.7% of the prize.

How much do I have to win to get a w2g? ›

Bingo, Keno, and Slot Machines

File Form W-2G for every person to whom you pay $1,200 or more in gambling winnings from bingo or slot machines, or $1,500 or more from keno after the price of the wager for the winning keno game is deducted.

According to the IRS, gambling winnings in any state, including New Jersey, “are fully taxable and you must report the income on your tax return.

b. Notwithstanding the provisions of any other law, rule, or regulation to the contrary, a licensed lottery sales agent operating in this State may accept decoupled debit as a form of payment from patrons for the purchase of lottery tickets.

If your prize is worth $599.50 or less, you can receive your winnings in cash at any New Jersey Lottery Retailer. If your prize is more than $599.50, you must file a claim form with the New Jersey Lottery.

Where do the proceeds of the New Jersey lottery fund go? New Jersey Lottery funds numerous state programs and more than half of the money goes back to lottery players in cash and prizes.

The cost is $2 per ticket, but you can add the Megaplier for $1, which will increase the amount of your potential prize up to five times the original prize (except for the jackpot). Each player selects five numbers from 1 to 70 for the white balls and one number from 1 to 25 for the Mega Ball.

The fifth (last) number drawn for each Jersey Cash 5 drawing is now the BULLSEYE number, offering the opportunity to win bigger prizes with more chances to win. Wagers are $2 per play and include BULLSEYE on every ticket.

b. Notwithstanding the provisions of any other law, rule, or regulation to the contrary, a licensed lottery sales agent operating in this State may accept decoupled debit as a form of payment from patrons for the purchase of lottery tickets.

Powerball tickets are $2 per play. The "power play" is an additional $1 per play, and can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times.