How long does it take to win the lottery?

The first step of redemption-registration

When lottery players come to the Sports Lottery Center, they need to fill in a winning registration form, including winning colors, number of issues and personal information.

According to the provisions of Article 25 of the Regulations on Lottery Management, the lottery winner shall, within 60 natural days from the date of drawing the lottery, hold the winning lottery ticket to the designated place to redeem the prize. If it is stipulated in the lottery variety rules that identity documents need to be produced, they should also be produced. Those who fail to receive the prize within the time limit shall be deemed to have abandoned the prize. Therefore, the winner must win the prize within 60 natural days from the date of drawing the prize, so as not to abandon the prize.

The redemption agency has the right to check the winning lottery ticket and the winner's valid identity documents, and the winner shall cooperate.

The second step of exchange-ticket inspection

As we all know, lottery is the only proof of winning the prize, and whether the lottery information is true or not directly determines whether the winner can take the grand prize. Technicians first input the bar code of the winning lottery ticket into the database, and the computer automatically searches and checks it to generate a file, which shows that the winning information of the lottery ticket is true and effective.

Step 3 Redemption-System Redemption Fund Transfer

After the lottery ticket is confirmed, it will enter the redemption stage. This process can be completed by inputting face information into the computer again under the supervision of technicians and financial personnel. The bonus data is first confirmed by the financial staff of Sports Lottery Center, and then confirmed by the winners. Next, we will enter the tax payment stage.

The fourth step of redemption-paying personal accidental income tax

The financial personnel check the tax payable and the actual bonus, issue tax receipts and checks respectively, and issue tax withholding certificates. Stamped by the tax authorities and withholding agents, and then signed by the winners.

The fifth step is redemption-receiving the prize

In the final prize-giving session, the winner takes the check issued by the financial personnel and goes to the bank to open an account or transfer money.