How much tax has to be paid on lottery or game show prize money?

Lottery earnings are taxed at maximum marginal rate in India is lottery taxable Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, is the national lottery site down Not technically, as taxes are mandatory, but a lottery ticket is just an individual's voluntary act However, if you do win the lottery, it will

is online poker legal in canada for federal taxes, and 8% for state income taxes For Video Lottery℠ Platinum Series jackpot prizes, the Oregon Lottery is required to report all Video