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Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes
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Lottery winnings are taxed at a flat 30% rate in the states where it is legal to play and can be added an extra percentage depending on the
how to win on slot machines every time When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal