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Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, Connecticut State Department of Revenue Services Upcoming CT DRS webinar: Select to register for the upcoming Withholding Tax Overview Webinar on Wednesday,

1windev And they will have to pay the IRS even more later But before we dive into how much tax a big lottery jackpot winner will pay, here is some information about Cash Option Present Day Cash Value Federal Tax State Tax One-Time Net Cash Value Amount Please note that the jackpot prize calculator will