Responsive Menu
Select Page
Have a Question?
Table of Contents
< All Topics
Print

Do I have to pay taxes on my winnings?

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.