Thursday, 21 January 2016

SPANISH LOTTERIES - EL BONOLOTO


SPANISH LOTTERIES EXPLAINED




In the second part of the series, I'll explain how you can play along with the El BonoLoto.   The first thing to say about any of the Spanish lotteries is that you are allowed to buy a ticket whatever your nationality.  British are not barred from taking part!  The only restriction is you must be 18 years old.

You can have a gamble / bet (apuesta) by simply going into one of the local lottery offices up and down most high streets in Spain.  Lottery offices open from 0900 to 1400 and again from 1700 to 1930.  They close on Saturday afternoons. Other offices that double up as other shops and businesses may have different hours.

The El BonoLoto is drawn EVERY DAY (except Sunday) in the evening, even if it coincides with a bank holiday, and is one of the most popular of the lotteries with the Spanish as it is the cheapest to take part in.  It is very similar to the LA PRIMITIVA with some subtle differences.  There are two ways you can play, and you can choose to play for just one day or for the whole week.  Whatever you decide, the tickets are different.  To play for one day only (and the day that you purchase the ticket), you need to look for a ticket with a red and green bar with the word “Diario” and No 333 (pictured below),


and for a weekly bet, a ticket  with a plain red top with the word “Semanal” and No 324 (pictured below). 



As with LA PRIMITIVA, both tickets are divided into 8 blocks of 49 numbers.  You can have as many blocks as you wish and each block only costs 50c, but you must select a MINIMUM of two blocks, making the minimum total stake of €1.  To give you a complete example, let’s assume you want to play on a Wednesday and you want 3 blocks of numbers. Pick up the red and green top form and select SIX numbers in each block putting a X over each number.  Hand the completed form to the cashier and pay, in this case, your €1.50 (3 blocks @ 50c for 1 day).  You’ll receive a printed receipt ticket with your selected numbers and a Reintegro (lucky number) (pictured) which you must keep in case you need to claim.  You’ll also be given the original form back which you can use again and again if you wish, or complete a new one with different numbers each time.

If you wish to use your favourite numbers for more than one day in the week, let’s imagine you enter the lottery office on a Monday.  Pick up form “Semanal 324”, select your minimum of two blocks of six numbers and hand it in to the cashier with your stake money for the week which will cover, in this example, Monday to Friday (inclusive) and cost €5.  If you enter on a Tuesday and want a weekly bet, the cost will be €4, Wednesday €3, and Thursday €2.  If you go on a Saturday, you can do the whole six days at a cost of €6.   It sounds complicated on the surface, but is straightforward once the system is understood.

You can also go straight to the cashier and ask for a lucky dip ticket.  Using the same examples above, ask for “tres apuestas por El Bono Loto – por hoy” (Three bets for El BonoLoto – for today), or “dos apuestas por El BonoLoto – semanal” (Two bets for ElBonoLoto – weekly).


You’ll be given a printed receipt ticket as above with a random selection of numbers.

You can check the winning numbers in the local press or the website, of course, or you can take your ticket to any of the lottery offices – it doesn’t have to be the one you made the bet. The website is http://www.loteriasyapuestas.es/en/bonoloto

To win a prize on El BonoLoto, you need to match 3 numbers, 4 numbers, 5 numbers, 5 numbers + the bonus ball (complementario), and 6 numbers.   If the reintegro number drawn is the same as on your ticket, you automatically get your stake money back for that day only.  Therefore, using our first example above, and if the reintegro matched for the Wednesday draw, you would get your €1.50 back.

If you match 3 numbers, you automatically win €4.  Other amounts for matching the other numbers vary depending on the number of winning tickets.  As an example, the winnings paid out for having a ticket with 5 + Complementario for Friday August 7th 2015 was €205,000, 5 numbers was €850, and 4 numbers was €23.  There are rarely winners of the 6 numbers, so in this case the top amount that could’ve been won rolls over each day until it is won.  This happened for the El BonoLoto draw for Monday August 10th as one person had the winning combination of 6 numbers and the resulting prize of just over €6,000,000.  It was the first top prize winner since July 20th when just over €500,000 was claimed.

El BonoLoto is one of many state run lotteries, so all profits go directly into government funds and help to keep general taxation low, thanks to the Spanish being the biggest gamblers in the world.  El BonoLoto does not support so-called “good causes”.

GENERAL INFORMATION


If you are lucky enough to win a substantial amount on any of the state run Spanish lotteries, the maximum winnings paid by the individual lottery office is €600.  Anything over this amount and you will need to take your winning ticket to your bank.  They will make a copy for you, sign it and keep the original.  They will then contact the relevant lottery office (the individual office identification is on the ticket as part of the bar code) and when the winning amount is confirmed, the monies will be paid into your bank account.  From a lucky experience of a few years ago (5 numbers paid out just over €3,000), this system does work and normally takes around 3 to 5 days.  You normally have 60 to 90 days to first claim your winnings.

Winnings over €2,500 are now subject to a tax of 20%.  The first €2,500 is exempt; however you may have to pay tax on any interest earned.  This is something you should discuss with your accountant.  It is also advisable, in the case of the many private syndicates that are organised, if you win a large amount to make a list of the people taking part and signing an agreement, preferably with their ID details and also in front of a notary.  This is to ensure that any tax payable at the end of the year is rightly shared among those taking part and not just the organiser.

Next time, I'll feature the Spanish National Blind Charity - the O.N.C.E.  If you have any questions about the Spanish lotteries, please let me know.


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