do you pay taxes on lottery winnings every year

If you won the lottery for say a billion dollar lump sum, would do you have to pay taxes on lottery winnings every year
➡️【Mk.com】✅Casino opens its doors✅ to let you win big! Let yourself be mesmerized by this iconic casino that constantly reinvents itself…✅  Lottery prizes get taxed under the same rules as regular income tax Whatever prize money you receive during the year is added to your taxable download the lottery app You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

do you have to show your id to buy a lottery ticket When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and