Lottery Claims and Lottery Winnings
Learn about what to do if you win a big lottery prize, including how to claim and the steps you should take before you come forward, whether to take your payout as an annuity or cash lump sum, and how much you'll owe in federal and local taxes depending on where you live.
The clock is ticking as we wait for the winners of three huge recent jackpots won within a two-week period to come forward.Read More
Lottery jackpot winners have the choice of taking the full prize in 30 payments over 29 years (the first instalment is paid immediately), or...Read More
A federal withholding of 24 percent is made immediately from lottery wins worth $5,000.01 or more. Non-U.S. residents lose 30 percent.Lottery prizes...Read More
It's everyone's favorite daydream: what would you do if you won the lottery? You'd never have to worry about money again, right?Wrong.Read More