Prize received on unsold lottery tickets by lottery stockist shall be

In contrast, taxes on lottery winnings vary widely between states They typically range from 3% to 6%, but go up to % in New York — the

Additionally, those who buy lottery tickets in states they do not reside in likely do not need to pay that state's taxes on potential prizes,

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lottery program Section 194B of the Income Tax Act applies to TDS deductions from the income earned from winning the lotteries Learn about deductions, penalties, and more