Lottery prize money or gambling winnings

The claiming period for lottery wins varies depending on the country in which the lottery is, the lottery you played but also the prize category you scooped

Lottery prize money or gambling winnings If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

The claiming period for lottery wins varies depending on the country in which the lottery is, the lottery you played but also the prize category you scooped

if you win the lottery what should you do If you are the lucky one with a winning ticket, what should you do? We asked a financial expert about what money moves you should make if you

Note: After presenting the winning ticket you have 60 days to decide on cash option or annuity After 60 days have passed, if you have not made a decision, the

if you find money left on a slot machine can you take it The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

Lottery winners who opt for an annuity receive annual payments over time Some states allow selling the annuity for a discounted lump sum if