Do you need to pay tax on lottery winnings?

why are lottery winnings taxed
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State lottery winnings must be reported to the IRS by state lottery officials by completing and filing federal Form W-

2 Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000

why doesn''t alabama have a lottery Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged

why did margie hate slot most It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such