Bonoloto lottery rules
These Norms have been published in the Official State Gazette num 181, Of date 30 July 2002, State official newsletter. on one 254, Of date 23-10-01, Official State Gazette num. 100, Of date 26-04-01 and Official State Gazette” on one. 252, dated 20-10-00.l
RESOLUTION OF 23 JULY 2002, State Lotteries and Gambling, by which the rules governing Bonoloto Lottery forecasting contests and their modalities are approved.
The rules that regulate La bonoloto forecasting contests and their modalities are regularly published by Resolution of this General Directorate, that are modified when necessary. The current regulatory standards were approved by Resolutions of 16 October 2000 ("Official State Gazette" of the 20), of 23 April 2001 ("Official State Gazette" of the 26) and of 17 October 2001 ("Official State Gazette" of the 23) of the Public Business Entity Loterías y Apuestas del Estado.
This last Resolution established the amounts of the betting unit in all varieties of Bonoloto Lottery, from 1 of January of 2002, as a consequence of the entry into force of the euro.
A reasonable period has already elapsed since the full implementation of the single European currency, the desirable commercial dynamics in the entire sales network of State Lotteries and Betting, advises modifying the unit prices of bets, the amount of the withdrawals and the fixed prize for the 5th category, 3 hits, of the varieties Lotería bonoloto and bonoloto, in such a way as to streamline and simplify the millions of weekly transactions carried out.
In consecuense, this Directorate General, in use of the powers conferred by the article 8, pulled apart 2, letter p), of the Statute of the Public Business Entity of State Lotteries and Gambling, approved by Royal Decree 2069/1999, of 30 from December ("Official State Gazette" of 14 of January of 2000), has resolved to approve the following:
First.-Bonoloto prediction contests and their modalities will be governed by the rules established for said type of events, approved by Resolution of this General Directorate of 16 October 2000, 23 April 2001 Y 17 October 2001, which are extended, with the modifications introduced in the following section.
Second.-The 50th norms are modified, 51.a, 55.a, 60.a and 61st, of those that govern Bonoloto Lottery contests and their modalities, which are written as follows:
1. Rule 50.a, where says: «The price of each bet is fixed at 0,90 euros», should say: «The price of each bet is fixed at 1 euro».
2. Rule 51.a, in the paragraph where it says: «For his fixed prize of 7,20 euros», should say: «For his fixed prize of 8 euros».
3. Rule 55.a, where says: «The price per bet and draw is 0,45 euros for which a minimum of 0,90, 1,35 oh 1,80 euros for each bet, according to participate in two, three or four contests. The minimum number of bets to be played when participating in a single draw is two and must be paid 0,90 euros», should say: «The price per bet and draw is 0,50 euros for which a minimum of 1, 1,50 oh 2 euros for each bet, according to participate in two, three or four contests. The minimum of bets to play when participating in a single draw is two and must be paid 1 euro».
4. Rule 60.a, where says: «Will get a fixed prize of 3,60 euros», should say: «Will get a fixed prize of 4 euros».
5. Rule 61.a, where says: «For his fixed prize of 3,60 euros», should say: «For his fixed prize of 4 euros».
Third.-These rules will apply to all contests held from the day 2 September 2002.
Bonoloto lottery faq
When do the Bonoloto prizes expire?
All awarded tickets have an expiration period, which is indicated on the back. The Bonoloto Lottery, for example, They expire three months from the day following the last draw in which the bets have participated.
Thus, After this period, the right to receive the prize and the amount to be charged would be lost, as with the banknotes that have not been sold, would be for the benefit of the Public Treasury.
If the last day of the period, in the town where the payment of the winning ticket is processed, off holiday, this period would be extended by one more day.
Tax to pay in the Bonoloto lottery.
Since the past 1 of January of 2013 The new tax regulations on Lottery prizes came into force, now all the winners with prizes that exceed the 40.000 euros must pay taxes.
This limit of 40.000 euros came into force last 1 of January of 2020, multiplying by two the figure set at the beginning of last year (20.000 euros) and for sixteen the established when the norm was imposed in the year 2013, fixed in 2.500 euros.
This tax regulation indicates that the 20 percent of the prize amount, as long as it exceeds 40.000 €. In this way, prizes less than 40.000 € are exempt from paying taxes.
Withholding upon receipt of the prize amount.
At the time of claiming the prize, the collaborating entity that pays us this award must make a withholding of the 20% of the amount that is subject to taxation, that is to say, of the awarded amount minus the 40.000 € which are exempt.
In the case of people residing in Spain, this withholding that is applied coincides with the tax to pay, so the lucky one already receives the tax-free amount.
In the case of non-resident winners or companies
The winners who are not residents of Spain or companies will also be subject to the withholding of the 20%, but they must indicate it the following year in their income statement or in the corporation tax to determine the final amount to be paid, making the necessary adjustments, either by double taxation or in the case of companies, computing the award as an extraordinary income from the activity.
What if the ticket deteriorates?
We must try by all means that the ticket or coupon does not deteriorate. If it was awarded and was spoiled, You should ask an official lottery center to check if the ticket matches the winning number and to give authorization to treat it as a winner.
How can you get more out of your earned money?
There are several ways to get more out of the money obtained thanks to a lottery such as Euromillions, Primitive, Easy …etc. One of them is to deposit it in different financial savings products to spread the risks., managed by expert portfolios.
Another option, especially with the highest prizes is investment in real estate, although this investment would be very long term.
How to collect a winning number bought by several people?
The Registry of Tax Advisory Economists recommends in cases where a parent or any other person who wants to share the prize with other people must notify the Tax Agency that the winning number has been bought by all of them.
Another thing to keep in mind is that not all Autonomous Communities discount the donation tax. Among those that do, in the case of parents to children, Madrid figure, Basque Country, Valencian Community, Navarra, Murcia, Castilla León and Castilla La Mancha.
