Ecuador - Loteria Nacional
Loteria Nacional is a popular raffle game played in Ecuador.
Draws are held three times a week on Mondays, Wednesdays and Fridays at 18:00 local time. Tickets can be purchased right up until the draw is made, with sales resuming immediately afterward.
Tickets cost $10 for the Monday and Friday draws and $20 for the Wednesday draw; however, players can participate for as little as $1.00, but only win 1/10th or 1/20th of respective prizes.
To enter Loteria Nacional, purchase a ticket from a lottery vendor or buy one online. Players who buy a physical ticket get a random five-digit number printed from 00000 to 99999, with online players getting a visual representation.
Due to the format of Loteria Nacional, only 100,000 entries are available for each game, so even though there are three draws a week, hurry up!
Loteria Nacional does not have any secondary games or chances to win prizes on top of the main draw.
Loteria Nacional has a fixed jackpot of $200,000 for the Monday and Friday draws, and $500,000 for the Wednesday draw.
The format of Loteria Nacional means that all prizes are won during every draw, with no rollovers or roll downs.
Odds and Prizes
The theoretical odds of winning the jackpot are 1 in 100,000, with the odds of winning secondary prizes improving slightly because another number is drawn. The chances of winning vary depending on the number of tickets sold.
Loteria Nacional gives players over 9,000 chances to win prizes across 13 different tiers, with a total prize fund of $402,300 for the Monday and Friday draws and $796,600 for the Wednesday draw.
Payout and Taxes
Players have three months to claim Loteria Nacional winnings, with those who play online automatically being credited into their account.
Prizes are paid out as lump sums only, with winnings over $500 taxed at 14% and deducted at source.
Who Can Play Loteria Nacional?
Players must be at least 18 years of age to buy Loteria Nacional tickets, purchasable online or from authorized lottery retailers across Ecuador.
Loteria Nacional is currently not available to players from abroad.
History of Loteria Nacional
Launched back in 1894, Loteria Nacional is one of the world’s oldest lottery games, operated by Guayaquil Junta de Beneficencia, a charitable organization that administers a number of public services in Ecuador.