Lotto (online lottery), the pronoun of 'lottery', will draw the 1,000th draw today (29th).
In the lottery drawn so far, an average of 7 winners came out in one round.
They were found to have won an average of 2 billion won in fortune.
The all-time highest winnings were 4,72,296 million won. We have compiled a list of questions related to the lottery, such as winnings and taxes, for the '1,000 lottery lottery'.
According to the Lottery Committee of the Ministry of Strategy and Finance and the lottery accompanying the lottery consignee, the average number of first-place winners in each round from the 1st lottery (drawing on December 7, 2002) to the 943th (drawing on December 26, 2020) is an average of 7 people, and the prize money was 2,042.9 million won on average.
2nd place won an average of 42 people and received 57.6 million won, and 3rd place won an average of 1,590 people and received 1.5 million won.
Even if you win the first prize in the lottery and receive an average prize of 2 billion won, you can take it all with you because you have to pay tax.
Tax is not deducted up to KRW 50,000, but 20% income tax is levied on the amount exceeding KRW 50,000, and the tax rate has been raised to 30% on the amount exceeding KRW 300 million.
Here, an amount equivalent to 10% of income tax is levied as local income tax, so the tax rates for winnings are 22% and 33% for each section.
In the case of a winning of 2 billion won, the 300 million won is taxed at a 22% tax rate of 66 million won, and the remaining 1.7 billion won in excess of 300 million won is taxed at a 33% tax rate of 561 million won. will be charged.
The total tax is 627 million won.
If you win the first prize of 2 billion won in the lottery, the actual amount you receive will be 1.373 billion won after tax.
For the 2nd and 3rd prizes, the same method applies to the tax rate of 22% up to KRW 300 million and 33% on the amount exceeding KRW 300 million.
The lottery was first issued in December 2002.
The lottery, which sold close to 4 trillion won in 2003, right after its release, lost popularity, and its annual sales remained in the 2 trillion won range until early 2012.
Then in 2013, sales jumped to 3 trillion won, and last year, it sold over 5 trillion won for the first time.
Lottery winnings are paid out from sales.
About half of the sales goes to issuance expenses, sales and commission fees, and lottery funds, and the rest is used for winnings.
In the first half of last year, 1.5153 trillion won out of 2.939 trillion won in sales was paid out as prize money.
This means that 500 won out of 1,000 won in lottery purchases is used to pay the winnings.
The lottery fund generated from lottery sales is used to finance the Housing and Urban Fund, Veterans Affairs Fund, Culture and Arts Promotion Fund, etc., or is used for public interest projects such as support for families of adopted children, support for children's treatment and rehabilitation at child welfare facilities, and scholarships for low-income families.
Prizes for 1st to 3rd prizes vary each week depending on sales volume.
If a lot of lottery tickets are sold, the winnings increase, but it is difficult to see that the winnings per person will necessarily increase because there is a high probability that the number of winners will also increase.
If there is no 1st place winner, the winnings will be carried over to the next round.
Consecutive rollovers are limited to two.
The highest winnings per person who placed 1st in the lottery 1 to 943 were 4,722.9 million won in the 19th.
In the 18th, there was no 1st prize winner, so the winnings were carried over and the amount increased significantly.
In episode 546, the largest number of 30 first-place winners were born.
Because of this, the prize money per person has been lowered to an all-time low of 45.94 million won.
The 10th time the lottery sold the most in one round was 26.86 billion won.