Are prizes subject to personal income tax? April 14, 2021 00:37 No. All prizes are exempted from personal income tax. Related articles Where can I claim my prize? Can I still claim my prize if my winning ticket is torn, smeared or hardly legible? What must I bring along to claim my prize? How is a winning ticket considered valid and acceptable for claim? How am I assured that I will get my payment every day over 20 years?