A Transportation Network Vehicle Service (TNVS) driver from Valenzuela City recently became a multi-millionaire after winning the P19.4-million jackpot in the 6/42 Regular Lotto. The lucky winner claimed his prize at the Philippine Charity Sweepstakes Office (PCSO) headquarters in Mandaluyong City after securing the jackpot on January 11, 2025. His winning combination, 09-38-23-12-32-29, earned him a total of P19,489,253.80.
The driver, who has been playing the lottery for two years, shared that he only purchases tickets when he has extra income from his ride bookings. He never expected to win but continued to try his luck whenever he could. Now, his persistence has paid off, and he is set to turn his dreams into reality.
According to the winner, his top priorities include building a new home for his family and securing his child’s education. He expressed his gratitude to PCSO and encouraged other hopefuls to keep playing responsibly.
Tax Deductions on Winnings
Under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, lottery winnings exceeding P10,000 are subject to a 20% tax. This means that the TNVS driver’s prize will be reduced by approximately P3,897,850.76, leaving him with a net amount of around P15,591,403.04. Despite the deduction, the amount remains life-changing and will significantly improve his family’s financial stability.
Claiming Jackpot Prizes
As per PCSO guidelines, winners must sign the back of their winning ticket and present two valid identification cards when claiming their prize at the PCSO main office. This ensures the authenticity of the claim and prevents fraudulent activities. PCSO also reminds the public to purchase tickets only from authorized outlets to avoid scams.
PCSO and Public Welfare
PCSO operates various lottery games, including the 6/42 Regular Lotto, drawn every Tuesday, Thursday, and Saturday. The agency generates funds to support healthcare programs, medical assistance, and other charitable projects nationwide. By participating in the lottery, players contribute to these essential services.
Future of Lottery Taxation
There have been discussions about amending the PCSO charter to exempt lottery winnings from taxation, as some believe the 20% tax discourages players. However, the tax remains in effect as of now, with the government earning significant revenue from it to fund infrastructure and social programs.
This inspiring win reminds hopeful bettors that dreams can come true while also emphasizing the importance of playing responsibly and being aware of the tax implications of major lottery prizes.