A fortunate resident from Cebu has struck gold by winning the massive PHP 100-million jackpot in the Ultra Lotto 6/58 draw held on Tuesday night. The Philippine Charity Sweepstakes Office (PCSO) announced on Wednesday that the winner correctly predicted the numbers 29-52-49-55-25-09, securing a life-changing prize.
Details of the Winning Ticket and Prize
The winning ticket was purchased in Cebu City, with the total prize amounting to an impressive P100,331,631.91. According to PCSO regulations, the winner has one year to claim the prize at the main office in Mandaluyong City. If the prize remains unclaimed within this period, it will be transferred to the charity fund, supporting various government programs for those in need.
Tax Implications for the Winner
Under the TRAIN Law, winnings exceeding P10,000 are subject to a 20% tax. This means the jackpot winner will need to account for this deduction when claiming their prize, which is a standard procedure for large lottery payouts in the Philippines.
Other Prize Winners in the Draw
In addition to the jackpot winner, the draw produced several other lucky participants. Five individuals who matched five numbers will each receive P300,000. Furthermore, 370 bettors with four correct numbers are set to gain P3,783.78 each, while 8,862 bettors with three numbers will take home P100 each.
Schedule and Purpose of Ultra Lotto
The Ultra Lotto 6/58 draws are conducted every Tuesday, Friday, and Sunday. The PCSO encourages public support for these games, as the proceeds are utilized to fund government initiatives aimed at assisting underprivileged communities. This highlights the charitable aspect of the lottery system, beyond just the thrill of winning.
This event underscores the excitement and potential rewards of participating in national lottery games, while also reminding winners of their responsibilities and the broader social benefits of their contributions.
