Do you need to pay tax on lottery winnings?

Do you need to pay tax on lottery winnings? why is the lottery taxed
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why winning the lottery is bad Colorado Department of Revenue is the state agency for DMV, Gaming, Liquor Enforcement, Lottery, Marijuana, Natural Medicine, and Taxation Divisions

why are slot machines so addictive You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible The Western 649 tax rate, for the same family, works out to around one half of one half of one half of one percent