Won a lottery or prize money in India? Here's what you need to know

US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

The winner of the $ billion jackpot has hefty taxes coming IRS withholding takes $187992000 up front, and $101829000 more is due April

how does slot machine work The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA

how much is a quick pick lottery ticket Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by