Gambling and Lottery Winnings

The Connecticut Lottery Corporation requires a winner to complete federal Form W-2G where the amount paid to the winner is $600 or more, and at least 300 times

The amount won is subject to a tax of 30% from the winner, irrespective of any other income the individual might be earning This is maintained

how to win the powerball lottery You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

how to host poker night New Yorkers, for example, could see their winnings taxed at up to % or more, depending on where in the state they live Only a few states —