Do you pay tax on lottery winnings?

Tax Tips for Lottery Winners is lottery money tax free The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged is it illegal to play poker for money After deduction of 10 per cent agent commission and 30 per cent tax, the prize winner will have Rs crore in bank account But that is just

is lottery haram in islam The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes