The winning ticket can be redeemed by using the lottery winning ticket redemption, authenticating the ticket on thelottery terminal, and scanning the ticket on the POS.If one wins the lottery, does he/she still owe taxes to the IRS?Gambling wins are completely taxed, and the individual is required to include the income on their tax return. Winnings from lotteries, raffles, horse races, andcasinosare just a few examples ofgambling income. The fair market value of prizes, such as automobiles and vacations, as well as cash victories, are included.TheIRStypically requires the payer to withhold 24% of their winnings for income taxes if they win more than $5,000 on a wager and the payoff is at least 300 times the amount of their original wager. (Special withholding regulations are in place for prizes from bingo, keno, slots, and poker competitions.)To know more aboutcasinoplease click herebrainly.com/question/26966169#SPJ4...

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