In case of winning, how much tax will be taken from the 6/58 Ultra Lotto jackpot prize?
6/58 ULTRA LOTTO – A big part of the PCSO 6/58 Ultra Lotto jackpot prize will be taken as a tax in case a bettor gets the winning combination.
Undeniably, the multi-million jackpot prizes of the major lotto games spark a ray of hope to many Filipino people. Lots are joining the daily lotto game in the pursuit of getting the winning combination and the jackpot prize.
Currently, the PCSO lotto game which has the biggest jackpot prize is the 6/58 Ultra Lotto. As of this writing, September 25, 2018, the jackpot prize of the said lotto game has reached Php 704,720,320.00.
For the result of the 6/58 Ultra Lotto today, September 25, visit 6/58 LOTTO RESULT September 25, 2018.
The latest draw of the 6/58 Ultra Lotto was on September 23 with 58-08-34-29-35-38 as the winning combination. No one got the said combination which led to the Ultra Lotto jackpot prize reaching more than Php 700 million.
However, based on a report on GMA News Online, due to the Tax Reform for Acceleration and Inclusion Law (TRAIN) law, a big part of the jackpot prize will be taken in case it would be won.
The TRAIN Law implements a 20% tax to all the winnings that are more than Php 10,000. Citing Balitanghali, the winner will only get around Php 560 million.
For the other major lotto games, here are the jackpot prizes according to PCSO:
- Grand Lotto 6/55: Php 49,134,627.00
- Super Lotto 6/49: Php 51,698,066.00
- Mega Lotto 6/45: Php 23,549,570.00
- Lotto 6/42: Php 29,101,344.00
See the PCSO Lotto Result below for the respective draws:
PCSO Lotto Results: Philippine Lotto Daily Draw Updates
PCSO 6/58 Ultra Lotto Result
PCSO 6/55 Grand Lotto Result
PCSO 6/49 Super Lotto Result
PCSO 6/45 Mega Lotto Result
PCSO 6/42 Lotto Result
PCSO 6-Digit Lotto Result
PCSO 4-Digit Lotto Result
PCSO EZ2 Lotto Result
The schedules of the draw for each PCSO lotto game can be found below:
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