Are lottery winnings taxed based on the ticket date or the redemption

Are lottery winnings taxed based on the ticket date or the redemption federal tax lottery winnings
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federal tax on lottery winnings However, since federal law taxes the gain from gambling, Taxpayer Davis may reduce her winnings by the amount paid for the winning ticket Directive 1

federal taxes on lottery winnings All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no