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Do I have to pay taxes on my winnings?
PostedMay 1, 2023
UpdatedMay 1, 2023
ByCatfish
RedFoxLotto transfers the winnings to your client account (except for winnings over € 2500).
With some lotteries (like Powerball and Mega Millions and others), for winnings over $1 million the local tax will be deducted before payout.
Note that the user is responsible for fulfilling all tax requirements at his place of residence, although in almost all countries, you only have to pay taxes once. Meaning if the lottery in the country where you won deducts taxes, your payout will be tax-free in your home country.
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About payments and withdrawals
- Can I make a deposit into my account to buy lottery tickets?
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- What is the minimum deposit amount?
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- Why is the barcode of my ticket scan blackened?
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About the lotteries
- Do I get a scanned copy of my ticket?
- Have questions or unsure about anything? Would like to contact us?
- What does the "Pending" message mean that appears in the countdown box?
- What does the message "Tickets for nearest draw no longer available" mean?
- What is the meaning of "jackpot"
- When and where do the draws take place and where do I find more info on the lotteries?
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About us
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What happens if you win?
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