A couple years ago my wife won the drawing at the OC Fair. They offered her $7000 cash or a Sea Doo. Needless to say we took the $7000 cash and yes we had to pay taxes on it too.
I haven't won $hit....actually I've won $2 the last 2 lotto drawings. I'm hoping that is leading to bigger winnings in the future. I think I'm the wrong ethnicity to win though.