Are winnings on lotteries taxable?
There are no Australian taxes to be paid on any winnings from our lotteries. Some overseas lotteries do have taxes payable within those countries. For example, a federal tax of 30% is applicable within the United States for jackpot wins in the US Powerball and US Mega Millions lotteries. A US state tax of 8% is also payable on wins over $1500 USD. These taxes will be deducted from any prize amount.
To find out more, visit Game Rules.
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