What happens when you win at a casino?

Md Ariful Islam

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Dr. Md Rushad Rahman

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If it’s a big win (over $25,000), you’ll likely get an option to receive regular payouts from a settlement, or sell your settlement in exchange for a lump sum of cash. Either way, you’ll need to pay taxes on the money you win. For lower prizes, you may simply be offered cash or a check. You’ll need to show your ID and fill out some tax forms in order to receive the money.

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