The tradition of Christmas Lottery It is one of the most deeply rooted in Spainand brings together families, friends and work colleagues each year in the hope of sharing a tenth prize. And since it is a draw that fascinates many, one of the most common practices on these dates is the creation of actionssmall fractions of a tenth which allows more people to enter the draw without having to bear the full cost. But, How exactly do these shares work? What steps must be taken to achieve them and, if awarded, how are they billed? This article will solve all your doubts on the subject.
Organize Christmas lottery registrations This is not only a way to divide the lot, but also a way to foster community spirit. This is something that is done a lot in companies so that all workers have the same number and have the possibility of winning all at the same time, but it is also done in associations, as well as in schools and groups. ‘friends. A formula that undoubtedly serves to spread enthusiasm for the most anticipated draw of the year. Below we explain everything you need to know to create your own shares in a simple and legal way. Moreover, andIt is important to know details such as how many shares can be retired by a tenth or how much money can be earned based on the stock acquired.. Keep reading to get all the information and make the most of this Christmas tradition.
How does participating in the Christmas lottery work?
The actions in the Christmas Lottery allow you to divide a tenth into small fractionsso that multiple people can have access to a proportional share of the ticket. For example, A tenth which costs 20 euros can be divided into 10 shares of 2 euros each or 20 of 1 euro. This facilitates group purchases, especially in large groups.
However, what usually happens is that a surcharge to be used for a specific purpose, such as financing the activities of an associationcharitable projects or simply to cover operating costs. This supplement does not contribute to the price, as it is intended for other purposes. It is important to clearly specify this detail in the entries to avoid confusion.
Each entry must include key information, such as ticket number, entry price, any surcharge and organizer details. In addition, they should be numbered and kept a record to ensure transparency in the case of prices. And also, keep in mind that the price you get is also proportional to your participation. For example, If the Gordo is 400,000 euros per tenth, a share of 2 euros would receive 40,000 eurosone of 1 euro 20,000 euros, and one of 0.50 euros 10,000 euros.
How to enter the Christmas lottery
There are several ways to enter the Christmas lotterydepending on whether you want to do it physically or online, and whether you want to do it with your own number or with one of those offered by the lottery administrations.
Physical assets
Physical entries are those made with paper and scissors, or with printers and machines. They can be done in two ways:
- With your own number: If you want to share a tenth or more of a number, you can generate Christmas Lottery entries by cutting the paper or printing copies. In this case, it is important that when selling and purchasing entries in the Christmas Lottery, each entry indicates the number, amount, price corresponding to it, as well as the name and seal of the person or the entity that issues it. You must also keep the tenth original, which is the one valid to collect the prize.
- With an administration number: If you wish to purchase a number offered by a lottery administration, you can request it by registering for the Christmas Lottery. In this case, the administration is responsible for issuing the shares with all the necessary data and keeps the tenth original. Some administrations charge a fee for this service, which generally amounts to 10% of the participation amount.
Online entries
THE Online entries to the Christmas lottery These are those that are done via the Internet, using the digital platforms that offer this service. They can be done in two ways:
- With your own number: If you want to share one or more tenths of a number, you can make entries online using a platform that allows you to download the tenth and generate the desired entries. In this case, the platform is responsible for saving the tenth original, and sending the entries by email or SMS to the indicated recipients. You can also share the entry link via social media or messaging apps. Some platforms charge a commission for this service, which generally amounts to 5% of the participation amount.
- With a platform number: If you wish to purchase a number offered by an online platform, you can register online using the same platform. In this case, the platform is responsible for issuing the actions with all the necessary data, and sending them by email or SMS to the indicated recipients. You can also share the entry link via social media or messaging apps. Some platforms charge a commission for this service, which generally amounts to 5% of the participation amount.
How to Collect Christmas Lottery Entries
Christmas lottery registrations They may be billed at the same place where they were purchased, provided you have the tenth coin and the document proving participation. If Christmas Lottery entries were purchased online, they can be collected via the platform that sold them, following the instructions provided.
Christmas lottery prizes below 2,000 euros can be collected from any lottery administration or authorized point of sale. Prizes exceeding 2,000 euros must be collected from a financial institution collaborating with State Lotteries and Bets, upon presentation of the tenth or the participation and proof of identity.
Christmas Lottery prizes are subject to a 20% withholding on the amount exceeding 40,000 euros. In other words, if a prize of 100,000 euros is won, 20,000 euros will be retained and 80,000 euros will be collected. This retention applies to both tenths and sharesthis must therefore be taken into account when distributing the price.
How many shares make a tenth?
He number of shares What you can get from a tenth depends on the amount of money allocated to each. For example:
- If each participation represents 1 euro, 20 shares can be issued for each tenth.
- If each participation is 2 euros, the tenth will be divided into 10 parts.
- If adding a surchargeThis doesn’t affect the total number of entries, but it does affect the final price each person pays.
This flexible system allows adapt to the budget of each group, ensuring that everyone can participate.
How much does it cost to participate in the Christmas Lottery?
The amount corresponding to a Participation depends on the prize obtained for the tenth and the amount played. Here is a practical example:
- If a tenth person wins 400,000 euros (El Gordo), and participation represents 1 euro out of the 20 played, The prize will be 20,000 euros for this participation.
- For low pricesas 1,000 euros for the tenth, the equivalent stake would be 50 euros if 1 euro was played.
It’s important Please note that grants are subject to withholding tax (20% from 40,000 euros). The organizer must therefore calculate the net amount before distributing the prizes.
