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Nearly US$100 million lottery jackpot goes to single winner

Nearly US$100 million lottery jackpot goes to single winner

Taipei, Sept. 14 (CNA) A single person won a Super Lotto jackpot of NT$2.87 billion (US$88.25 million) on Monday, the second biggest prize in the lottery's history, Taiwan Lottery Co. said. The winning ticket was sold from an outlet in Shilin District in Taipei. Once a 25 percent tax is withheld, the lottery winner will receive a net NT$2.296 billion. If the winner deposits the money in the bank, he or she will receive NT$2.61 million a month in interest at prevailing interest rates. According to Taiwan Lottery, the big-prize winners tend to adopt a very conservative approach to handling the money, usually saving it or buying property with it. Monday's massive jackpot was accumulated after 40 draws over a span of nearly five months failed to produce a winner -- the lottery's longest consecutive losing streak ever. (By Lilian Wu)


Updated : 2021-09-18 06:44 GMT+08:00