10/12/2025
some Lotto facts! ๐คช๐
And you thought you'll take home thge entire jackpot? Well, even if you win 1 Billion, it is still subject to 20% Tax!
Under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, a 20 percent tax was imposed on lotto winnings of more than P10,000.
If a bettor solely wins the P1.026 billion pesos jackpot prize, he would only be taking home around P820.8 million minus the 20 percent tax.
Here are other lottery facts -
The odds of winning the Ultra Lotto jackpot
Winning the estimated P1 billion Ultra Lotto 6/58 jackpot is a 1:40 million chance. To be exact, he said the total odds of winning the jackpot is 1 in 40,475,358.
No cap on jackpot prize
The PCSO said the current rules and regulations of the lotto game does not specify a ceiling amount for the jackpot. As such, for as long as no one correctly guesses the winning lotto combination, the jackpot will continue to soar.
Documents needed to claim the prize
Once the jackpot has been won, the winner is required to bring a community tax certificate, two valid IDs, and of course the winning ticket, to the PCSO Main Office in Mandaluyong, in order to claim the prize.
The use of the two valid IDs is to establish the winnerโs identity and to validate that he or she is 18-years old and above.
