Day: March 31, 2025

Lottery is a game in which people pay for a chance to win a prize, usually money. Prizes may also include other items, such as a car or jewelry. A lottery is illegal in some countries, but is generally not prohibited in others. A person who wins the lottery can choose to receive the prize in a lump sum or in annual payments. In either case, winning the lottery is considered income and must be reported to the tax authorities. Many states have their own state-run lotteries. Some are run […]