Winning the lottery is an exhilarating experience that instantly changes your life. However, it's crucial to the tax implications that come with your windfall, especially regarding online lotteries. The amount you receive is taxable when you win an online lottery. You'll need to report your winnings to the tax authorities and pay a portion of your tax prize. State and local taxes Taxes, you may also need to pay state and local taxes on your lottery winnings. These rates can vary widely depending on where you live. Some states don't tax lottery winnings, while others may impose up to 8%...