Israeli Lotto Player Wins Massive 64 Million NIS Double Lotto Jackpot
A single ticket holder won a massive 64 million NIS Double Lotto jackpot, netting roughly 38.44 million NIS after taxes following ten consecutive drawings.
A single lucky player woke up significantly richer after winning a massive 64 million NIS jackpot in the latest Double Lotto drawing. The winning ticket matched all six numbers plus the strong number in draw number 3972, ending a streak of ten consecutive drawings without a grand prize winner.
Historic Win and Tax Deductions
This 64 million NIS prize ties for the fourth-largest single-winner prize in the history of the Israeli Lotto. The record remains at 80 million NIS set in 2022, followed by 76 million NIS in May 2021, and 74 million NIS back in 2009.
"Winners have up to six months from the draw date to claim their prize, and some past major winners have waited weeks or even months before coming forward." — Mifal HaPayis
However, the winner will not take home the full headline amount. According to tax brackets, winnings exceeding 67,680 NIS are subject to a 35% tax, alongside an additional 5% surtax on amounts surpassing 721,560 NIS.
Breakdown of Net Winnings
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Gross Prize: 64,000,000 NIS
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Basic Tax (35%): ~22,400,000 NIS
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Surtax (5%): ~3,160,000 NIS
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Net Prize: ~38,440,000 NIS
As of now, the ticket holder has yet to arrive at Mifal HaPayis headquarters to claim the earnings. Following this record payout, the upcoming lottery jackpot will reset to its baseline amount.
