Quote:
Originally Posted by AVGWarhawk
Yes, the lottery winning is considered a capital gain and taxed. Some casinos take the tax out of the winnings when you cash out and leave.
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That's a bit tough...here in the UK the winnings are tax free but once you take them out of a current account and make investments you pay tax on the interest.
Although I don't suppose that would be a major concern to someone who has just come into a mega sum of money.