Does Italian Super Jackpot Get Taxed?
When you play our Italian Super Jackpot, we purchase a matching ticket in Italy’s renowned SuperEnalotto. Like a number of lotteries worldwide, Italy applies a tax on large winnings, including those from the SuperEnalotto.
So, if you hit the jackpot, you might wonder: does the matching SuperEnalotto in Italy get taxed? The answer is yes. However, any applicable taxes will be deducted before we collect the winnings in Italy (we pay you out the same amount we collect).
Let’s break down how much tax is deducted and what you need to know as a winner.
What is the Italian Lottery Tax?
In Italy, prizes up to €500 are completely tax free. However, lottery winnings above €500 are subject to taxation. The tax rate is currently 20% on the portion of the winnings that exceed this threshold. Winners with The Lottery Office needn’t worry about making this payment themselves. After your win you will not be required to do anything in Italy. No paperwork, no stress—the tax is deducted at the source before the money is collected so the amount paid out to you is the amount we collected after tax was deducted.
Do I have to pay Australian tax on top of the Italian Super Jackpot tax?
No. Lottery winnings in Australia are not subject to tax.
Has anyone ever won the Jackpot?
Since beginning In Italy back in 1997 the SuperEnalotto has had a rich history of notable winners. Perhaps the most notable of all was in February 2023 when its largest ever jackpot of €371 Million ($638 Million AUD) was won by 90 people. The jackpot was so big that even after being divided amongst all the lucky players it still made each of them a multi-millionaire!
This fantastic lottery takes place four times a week with draws closing on Tuesdays, Thursdays, Fridays and Saturdays. This gives you multiple chances to take out the jackpot and if you really want to make sure you don’t miss out, you can purchase a multi-draw which gives you the option to enter the next 1, 2, 3, 5, 10 or 20 draws in one easy purchase.
Stay in the Know
Winning the Italian Super Jackpot is a life-changing event, but it’s important to understand the tax implications before you start planning how to spend your prize. Italy applies a 20% tax on winnings above €500, which is deducted automatically. Regardless of the deductions, hitting the jackpot remains an incredible financial opportunity!
For more information about playing the Italian Super Jackpot, stay tuned to our blog for updates on lottery tax and strategies to maximize your winnings!
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