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€240.0 million (US$258.3 million/£205.8 million) was the largest jackpot in the Euromillions history in the pan-European EuroMillions , won on 8 December 2023, the ticket was sold in Austria. [78] £195.7 million was the largest prize won by a British winner in the pan-European EuroMillions in sterling currency, won on 19 July 2022. [78]
EuroMillions [a] is a transnational lottery that requires seven correct numbers to win the jackpot, which consists of 5 main numbers and 2 Lucky Star Numbers. It was launched on 7 February 2004 by France 's Française des Jeux , Spain 's Loterías y Apuestas del Estado and the United Kingdom 's Camelot group (now part of Allwyn ).
A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing their own national (state) lottery.
State lotteries have become a significant source of revenue for states, raising $17.6 billion in profits for state budgets in the 2009 fiscal year (FY) with 11 states collecting more revenue from their state lottery than from their state corporate income tax during FY2009. [10] Lottery policies within states can have conflicting goals. [11]
In Liechtenstein, all winnings are tax-free and the winner may opt to receive a lump sum or an annuity with regard to the jackpot prizes. In the US, federal courts have consistently held that lump sum payments received from third parties in exchange for the rights to lottery annuities are not capital assets for tax purpose.
National Lottery prizes are paid out as tax-free lump sums, with the top two EuroDreams prizes paid as tax-free annuities. All prizes in Lotto, EuroMillions, EuroDreams, and Daily Million games must be claimed within 90 days of the applicable drawing dates.
0% (first €8,700 per year is tax free) 49.5% [172] 21% (standard rate) 9% (essential and selected goods) Under the new policy it is 36% with out a tax free limit. The old system presumes 7.6% gains for investments & 4% gains on banksaldo intrest, taxed 36% Taxation in the Netherlands New Zealand: 28% 10.5% [173] 39% [174] 15% Taxation in New ...
The Eurojackpot lottery was proposed in 2006, [10] to compete with the EuroMillions lottery. By virtue of a large number of participating countries, the EuroMillions is able to offer considerably larger jackpots than those offered in a single national lottery. After seeing the success of EuroMillions, Germany, Finland, Denmark, Slovenia, Italy ...