If i win big lotto and dont use the $$$ keep it in bank Do i still pay tax

are lottery winnings taxed in australia
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Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

Lotto winnings are tax free in Australia, the money is yours Any interest you earn off lotto sitting in the bank will be taxable as income  Winnings in the Swedish lottery are expressly exempt; instead, there is a Australia, Canada, and the United Kingdom, income derived from gambling

official home of virginia lottery Generally Tax-Free at Receipt: In many jurisdictions, including the United States and Australia, lottery winnings are not taxable when received  Lotto winnings are tax free in Australia, the money is yours Any interest you earn off lotto sitting in the bank will be taxable as income