Taxes on Lottery & Gambling Winnings: What You Need to Know

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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Lottery winnings are treated as income by the federal government and most states, and thus are subject to state and federal income taxes

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lottery sambad 3 tarike night The prize is subject to federal taxes and state taxes in Oregon The biggest lottery jackpot won was $ billion in California in 2022