Are lottery winnings taxed based on the ticket date or the redemption

Are lottery winnings taxed based on the ticket date or the redemption federal lottery tax
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federal tax lottery winnings That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact

federal lottery tax If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on