Published: Wednesday 26 September, 2018

PCSO 6/58 Ultra Lotto to Set New All-Time Record for Biggest Jackpot Prize

biggest lotto jackpot pcso

New record jackpot prize for PCSO in 6/58 Ultra Lotto draw on Friday. (Jackpotinfo)

The jackpot prize of the 6/58 Ultra Lotto on Friday, September 28, will be the biggest in PCSO history. On Tuesday, the jackpot already reached P734,038,468.00, which nobody won. That is expected to reach around P770 million by Friday.

The biggest PCSO lotto jackpot in history was P741,176,323.20, which was won by an Balikbayan from Olongapo City in November 2010 in the 6/55 Grand Lotto draw.

However, it remains to be seen if the take home jackpot record will be broken. Unlike the winner in 2010, the winner of this year’s 6/58 Ultra Lotto will have to pay a 20% tax on his winnings. Or about P154,000,000 for the P770 million jackpot. That would leave him with a take home jackpot of only P616,000,000.

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Starting this year, Duterte’s TRAIN law mandated that all lotto winnings above 10K would be subjected to 20% tax. This even if 45% of total lotto ticket sales is already allocated for the PCSO’s charities and operations.

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[…] of PCSO bettors awaited the results, the PCSO announced that there is still no winner. Thus, the 6/58 Ultra Lotto jackpot is expected to surpass the P800 million mark on […]