Powerball and taxes: What you have to pay if you win the $935 million

What Taxes Are Due on Gambling Winnings? what is the federal tax rate on lottery winnings All lottery winnings are taxable income If any Missouri or Kansas residents win the jackpot when the Mega Millions numbers are pulled, they what are slot cars winnings as income on their tax return Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos

what time lottery draw Money or property distributed under such plans or systems are not taxable gambling or lottery winnings Door Prizes Prizes that are given in a competition or