What do lottery winners usually do with their winnings? Do they tend

lottery winnings
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lottery winnings Gambling Winnings , at the time of the payment or by February 28 , 1989 , if you are a payer of gambling winnings and you : 1 ) Paid $ 600 or more in winnings  Ohio law requires prizes to be claimed at an Ohio Lottery Regional office If you set up a blind trust, your attorney can assist with that process and your  Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,

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