Got the winning lottery ticket? An economist explains what not to do

tax on lottery winnings australia   Dan taxes on poker winnings

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate lottery winnings to be included in assessable income Assessability of gain on disposal or

age to buy a lottery ticket Unfortunately, Australia does not have a tax treaty with lottery, sports betting, or parimutuel, their winnings are subject to a 30% withholding tax  In Australia, lottery winnings are generally considered tax-free This is because they are classified as windfall gains, which are non-