Ecuador - Lotto
Lotto is a popular raffle game played in Ecuador.
Draws are held three times a week on Tuesdays and Thursdays at 18:00 local time and on Saturdays at midday. Tickets can be purchased right up until the draw, with sales resuming immediately afterward.
Entry costs $1.00 for the Tuesday and Thursday draws and $2.00 for the Saturday draw.
To enter Lotto, purchase a ticket from an authorized lottery retailer or buy one online. Players receive a random six-digit number from 000000 to 999999.
The Lotto format means that only one million entries are available for each game, so buy your ticket early to guarantee entry.
In addition to playing Lotto, participants can enter Lotto Plus and Lottito for an additional $1.00 each.
An additional six-digit number is drawn in Lotto Plus, with players who match this number winning the $10,000 jackpot.
In Lottito, a further 19 six-digit numbers are drawn, with matches winning $1,000.
Lotto has a fixed jackpot of $200,000 for its Tuesday and Thursday draws and $500,000 for its Saturday draw.
The format of Lotto ensures that all prizes are won during every draw as there are no rollovers or roll downs.
Odds and Prizes
The odds of winning the Lotto jackpot are around 1 in 1,000,000, which slightly improve as more numbers are drawn for the chance to win secondary prizes.
If fewer than one million tickets are sold, the odds of winning improve in accordance with the reduced number of tickets sold.
Lotto gives players over 90,000 chances to win across 13 different tiers, with overall odds of nearly 1 in 10 of winning a prize. Lotto has a total prize fund of $399,600 for its Tuesday and Thursday draws and nearly $800,000 for its Saturday draw.
Payout and Taxes
Lotto prizes are paid out as lump sums only. In Ecuador, lottery prizes of over $500 are subject to 14% tax, to be deducted at source.
Players have three months to claim prizes. Winning online players get automatically credited into their bank account.
Who Can Play Lotto?
Players must be at least 18 years of age to play Lotto.
Tickets are available online from the official Lotto website or from authorized lottery retailers across Ecuador.
Lotto is not currently available outside of Ecuador.
History of Lotto
Operated by Guayaquil Junta de Beneficencia, a charitable organization responsible for administering a number of public services in Ecuador, the first Lotto draw took place on September 23, 1989.