Mega da Virada is expected to pay a record prize of R$600 million in the draw that will be held on the night of December 31st. Bets can be placed until 5pm on the last day of the year. Have you ever thought about what you can do with that jackpot? According to Caixa Econômica Federal, responsible for managing lotteries in the country, if just one player wins the entire prize and applies it to savings, they will receive approximately R$ 3.4 million in the first month of income.
Many people, however, have another question: is there tax on the value of the prize?
The money from Mega Sena is taxed directly at source. This means that the lucky person is free from paying taxes to the IRS.
It is worth noting, however, that the winner must inform the value of the prize in the following year’s Income Tax declaration. The information must be recorded in the “Income Subject to Exclusive/Definitive Taxation” section, under “Others”.
But the biggest winner of the Mega-Sena, in fact, is the federal government, which invests most of the money collected from the lottery in social, education, security and sports programs.
The government has 56,21% of all the money from bets on Mega-Sena. The rest —43.79% of revenue — is used for the gross premium.
Of the total gross prize, each Mega-Sena contest pays:
- 35% to divide between the correct guesses of the 6 numbers drawn (Sena);
- 19% to divide between those who guess 5 numbers correctly (Quina);
- 19% to divide between those who got 4 numbers right (Quadra);
- 22% are accumulated and distributed to those who match 6 numbers in the final contests 0 or 5.
- 5% They are accumulated for the 1st track — Sena — of the last competition of the year ending 0 or 5 (Mega da Virada).
In the case of Mega da Virada, the winner (or winners, if there is more than one) receives a higher percentage, of 62% of the gross prize collected.
How much do lotteries make?
Caixa collected R$ 23.43 billion in 2023 with lotteries. A significant portion of this amount, R$8.27 billionwas used to pay the winners of more than 358 million bets. Others R$ 11.05 billion turned into transfers to federal government social programs (see below).
A Mega-Sena is the flagship of Caixa’s lotteries. Last year, she was responsible for raising R$9.6 billion. Lotofácil raised R$7.3 billion, Quinta raised R$3.4 billion and Lotomania raised R$787 million.
In 2023, only with Mega da Virada, the Caixa raised R$2.42 billionrepresenting 25% of the total accumulated with Mega-Sena in the year and 10% of the total money obtained from all lotteries.
How is the revenue divided?
Most of the money raised is distributed by the government to various actions.
The value corresponding to 19.13% of the total collected It is used to cover the costs of funding and maintaining lotteries. See how the rest of the money is distributed:
- 17,32% – Social Security
- 6,80% – National Public Security Fund (FNSP)
- 3,00% – National Penitentiary Fund (FUNPEN)
- 2,91% – National Culture Fund (FNC)
- 2,46% – Ministry of Sports
- 1,73% – Brazilian Olympic Committee (COB)
- 1,00% – State sport departments
- 0,96% – Brazilian Paralympic Committee (CPB)
- 0,46% – Brazilian Club Committee (CBC)
- 0,22% – Brazilian Confederation of School Sports (CBDE)
- 0,11% – Brazilian Confederation of University Sports (CBDU)
- 0,04% – Brazilian Committee of Paralympic Clubs (CBCP)
- 0,01% – National Federation of Clubs (Fenaclubes)
