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In both cases, those who inherit lottery winners will only need to pay taxes on the winnings if they are valued at more than $12,920,000 in 2023

If the winner opts for a lump sum, it can usually be inherited tax-free since inheritances are rarely taxed do not tax state lottery winnings) However, the

can casino control slot machines In this situation, the remaining assets are distributed to a living beneficiary, or to an estate where the money can be disbursed to a group of

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