When a North Carolina man headed to a convenience store on Tuesday, he had no idea luck was on his side. Jerry Hicks, a master carpenter from Banner Elk, found a $20 bill in the parking lot of the store, he said in a news release. He spent it on a scratch-off lottery ticket – and […]
Tag: Lottery
All betting, lottery wins to attract 10% tax from August 15, 2023
Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means that gross winnings from all betting, gaming, lotto and other games of chance will be subjected to a 10 per cent withholding tax which will be considered as a final […]