How do you claim lottery winnings?


Though some states differ on the dollar amounts, lottery winnings in excess of $600 must be claimed from an official, state-operated lottery office by presenting the appropriate forms and the original winning ticket. Smaller winnings can be claimed anywhere lottery tickets are sold.

Certain games may also have different rules applied to them when it comes to how much can be claimed at a retail location versus what can be claimed at a lottery office. Further, some states allow winners to claim their prize by mailing in the claim form and the original ticket. Of course, few large jackpot winners even consider leaving such a thing up to the post office to complete. In a few areas, it is possible to claim winnings electronically, though this is widely eschewed due to the potential for fraud. It's important to remember that, other than those games exclusive to a single state, many lottery programs are offered in every state that maintains a lottery program. This has the potential to cause potential jackpot amounts to skyrocket quite quickly, and often drives an increase in ticket sales, causing a snowball effect which has been known to produce remarkable jackpot totals in relatively short periods of time.

1 Additional Answer Answer for: how do you claim lottery winnings
How to Claim Lottery Winnings
Most of us do not need to worry about how to claim lottery winnings. In fact, it's a problem that most people wish they had to solve. But people win the lottery all the time and the first thing they do is tell everybody about it. Unfortunately, this is... More »
Difficulty: Moderate
Explore this Topic
For tax purposes, lottery winnings count as regular individual income, just like wages, with the rate is based on the taxpayer's total earnings. A lottery jackpot ...
The present lotto winning number is 06-16-26-32-34-46-33. You can also check on the winning lottery numbers of Lotto, EuroMillions, Instant Wins, Thunderball and ...
Individuals who play the lottery in New York will be subject to an 8.82% state tax withholding as of December 2012. In Addition to that, NYC residents will pay ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014