By A young entrepreneur in China struck it big in the country’s welfare lottery, instantly becoming a millionaire by winning Rs. 795 crores. This marks the largest jackpot ever recorded in China. Examining the specifics, a 28-year-old small trader from Guizhou province in Southwest China purchased 133 lottery tickets simultaneously, each costing two yuan (25 cents). Each ticket shared seven numbers within the same group.
On February 22 in Beijing, a young entrepreneur struck gold in the China Welfare Lottery, winning a staggering Rs. 795 crores and transforming into an overnight millionaire. This stands as the largest jackpot ever recorded in China. Delving into the details, a 28-year-old small trader from Guizhou province in Southwest China made a bold move by purchasing 133 lottery tickets at once, each costing two yuan (25 cents). Reports from local media reveal that he consistently placed bets on seven numbers within the same group, with each ticket earning a prize of approximately Rs. 6 crores. The South China Morning Post, based in Hong Kong, reported on Tuesday that a lottery in Guizhou province has yielded a whopping Rs. 795.84 crores ($680 million), according to the China Welfare Lottery website. However, the winner’s details were not disclosed by the organization. An official from the Provincial Welfare Lottery Center disclosed that the unidentified winner claimed the prize on the 7th of this month. The ecstatic winner expressed disbelief initially, stating that he had to confirm the victory multiple times to ensure its authenticity. In accordance with China’s Personal Income Tax Law, one-fifth of the prize is subject to taxation.
