Location matters when you buy those Powerball tickets

is there tax on lottery tickets
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Note Income earned on any of the above amounts is taxable

tickets winning smaller prizes and reinvesting the proceeds in new tickets tax expected return exceeding the cost of the ticket The returns here Will the New Jersey Lottery withhold income tax on taxable winnings? A The rate of withholdings is determined by the amount of the payout Once it is

69live slot A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax Here is the list of the sources that will be subject to a per cent flat tax: Lottery; Crossword puzzles; Fantasy sports; Gambling; TV shows; Card games