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In the fascinating world of lottery gaming, where dreams can turn into reality with the draw of numbers, a significant factor often overlooked by the participants is the tax implications of their winnings. While the allure of hitting the jackpot is universal, the financial aftermath varies significantly between tax-free lotteries and those subject to taxation. This article delves into the nuances of both, shedding light on what players should anticipate after their lucky break. The Reality of Lottery Taxation In the United States, lottery winnings are considered taxable income at both federal...