If I win the lottery, when will I receive the prize?

If you win a big prize in the lottery, you will not receive the bonus immediately after the lottery is drawn. You may not even know how much money you won after the lottery is drawn. There is no guarantee when exactly you will receive it, and you may not receive the bonus.

1. You cannot receive the bonus immediately after the lottery draw

1. You don’t know how much bonus you won after the lottery draw.

The live broadcast of lottery results is just the process of live broadcasting the winning numbers. When you check with the lottery ticket, you can only know that you have won, but the specific prizes, especially the floating prizes such as first and second prizes, are not announced immediately. Especially the first prize, which can range from a few thousand yuan to tens of millions of yuan, or even lower.

So, at this time, not only can you not receive the bonus immediately, but you don’t even know how much money you won. There have been many similar jokes: winning the first prize and having a meal to celebrate, only to find out after receiving the prize that the bonus was not enough for the meal.

2. The specific prize will not be known until about an hour after the draw.

Generally speaking, after the lottery is over, provincial lottery agencies, national lottery agencies, and notary offices will simultaneously retrieve the sales data stored in non-rewritable optical disks and computers that are physically isolated from the Internet to retrieve the winning numbers. After confirming the quantity, they will verify each other to ensure that the sales data and the number of winning prizes are correct, and then the winning situation of the first prize will be calculated according to the bonus distribution rules.

In this way, you will know the winning prize about an hour after the lottery is drawn.

3. You cannot claim the prize immediately after the draw.

Lottery draws usually take place at night. Once you know the winning prize, you cannot claim it immediately. You have to wait at least until the next working day and working hours before you can go to the lottery agency to claim your prize.

2. Take the time to claim the prize

1. When you receive the prize depends on when you claim it.

Some people are not in a hurry after winning, and will wait a few days to calm down before claiming the prize. There are also those who are in a hurry. They rush to the provincial capital city on the night of the lottery draw and go to the lottery agency the next day to go through the procedures for claiming the prize.

So, when you receive the bonus depends on when you go to receive the bonus.

2. The prize redemption period is 60 days

Both welfare lottery and sports lottery have a prize redemption period, which is 60 natural days after the lottery is drawn. If you do not go through the bonus claiming procedures within the validity period, you will not receive the bonus.

So, after winning, you must seize the time to claim the prize, and it must not exceed 60 days.

3. The time required to go through the procedures for claiming the prize

1. It only takes ten minutes for a grand prize of less than one million

In lottery agencies, the prizes less than one million are None of them fall into the grand prize category, and can generally be processed directly at the prize redemption window. Except for the need to issue a tax invoice and go to the bank to collect the money, the rest of the process is basically the same as redeeming prizes at the sales site.

This kind of prize redemption usually takes only ten minutes, and the redeemer can take the order to the bank to collect the money.

2. A grand prize of more than one million will take 30-60 minutes

A grand prize of more than one million will take more time. Mainly because of this amount, it is necessary to go to the data computer room of the provincial center for manual lottery review to further ensure the authenticity and safety of the winning lottery ticket.

Most of the time, this time can be completed within 30 minutes, and 30-60 minutes is a conservative estimate.

4. Bonus arrival time

1. Bonus will arrive in real time.

Most provinces now pay after-tax bonuses directly into the bank cards of winners. At this time, the bonus will be credited to your account in real time and can be withdrawn immediately.

2. Delayed arrival of bonuses

It is said that some provinces use after-tax bonus checks to be deposited into their accounts. In this case, the bonus may be delayed. It may be that the bonus is transferred to the account the next day; it is also possible that although the bonus is received, it cannot be withdrawn and must be transferred to the account.

In general, if you win a big lottery ticket, you can receive the bonus the next day if you hurry up. If it is slow, it will be difficult to say.