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Taxes on Winnings
If you live in the United States it is important to know that if you win sweepstakes prizes, you need to declare them on your taxes. The IRS will expect you to declare your sweepstakes taxes on your...
The Difference: Sweeps, Lottos & Contests
You’ve probably heard various terms for a ‘giveaway’ including sweepstakes, contest, and lottery. You might be inclined to think of those interchangeably, however there are distinct differences...
The Largest US Sweepstakes Ever Won
The largest sweepstakes ever won in the United States was the Publishers Clearing House sweepstakes, which awarded a $365 million prize in 2019. The prize was awarded as an annuity, which paid out...