South African Lottery.

In South Africa, we have the Lotto And Powerball. The single largest jackpot won was R232m or around $15m. We are not taxed on our winnings and we can remain anonymous. We also do not have an option to take an annual payout. Scratch cards are fairly popular but not as popular as they are in the States. In the past few years a number of companies have, with regulator approval, begun to offer South African citizens the opportunity to play international lotteries offered in the US, UK, Australia, Spain and Italy. We can also purchase lotto tickets via our mobile banking app or via the SA lottery app. Winners of the SA lottery receive both financial and psychological counceling to help deal with the effects associated with sudden wealth.

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