If you win the lottery do you pay taxes on winnings every year after?

federal tax on lottery winnings
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

nr 359 lottery result The winnings are subject to federal income tax withholding The tax withholding rate is 24% for lottery winnings, less the Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or