State of NJ - Division of Taxation

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Whether it's the National Lottery, the EuroMillions, or local lotto games, winnings are completely tax-free, enabling victors to relish their

If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You must declare Lottery wins are tax free but earnings on the winnings are taxable Bequests of cash, shares and property are not taxed at the time of transfer

5 lions megaways slot png Lottery and Gambling Winnings · Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent (3 HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free