A Lotto win is tax free, but so are these other potential windfalls

Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or

If you win, there are two choices for the payout: a lump sum of $ million or 30 years of annuitized payments worth $1 billion Both

if i won the lottery the first thing i''d buy would be If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

if i won the lottery i would Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us