Gambling and Lottery Winnings

Lottery and Gaming Taxes is lottery taxable US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government is online poker legal in colorado All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

is poker skill or luck As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount