In NYC, Lottery winners can claim prizes up to $600 simply by bringing their tickets to a New York lottery retailer. To claim prizes larger than $600, winners must file a claim form with the state. Federal law requires the state to report all winnings over $600 to the IRS, and the state will automatically withhold taxes on all prizes of $5,000 or more. However, winners are responsible for reporting lottery prizes as income on their taxes regardless of the amount of the prize, whether the state reported the prize to the IRS and whether taxes were withheld.
I believe you pay taxes over $1000, if not it's most likely 10%
Thanks! Your answer is awaiting moderation.