ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Chinese Business Owner Wins $96 Million Lottery Jackpot, Largest In Country’s History

The 28-year-old entrepreneur bought 133 lottery tickets, each for two yuan (approximately 28 US cents).
PUBLISHED FEB 21, 2024
Image Source: Photo by Peaton Hugo | Pexels
Image Source: Photo by Peaton Hugo | Pexels

A 28-year-old man In China has won a lottery jackpot worth 680 million yuan, or around US$96 million. This is the biggest jackpot ever recorded in the country. The lucky winner is from Guizhou province in southwest China, according to the official website of the China Welfare Game, which organized the game. He bought 133 lottery tickets, each for two yuan (approximately 28 US cents).

Surprisingly, he selected the identical set of seven numbers for each ticket. As a result, every single one of his tickets won, and he received a prize of 5.16 million yuan (about US$725,000) for each ticket, according to the local television station. Because of this huge win, the winner is eligible to receive the entire 680 million yuan award. According to an official from the provincial welfare lottery center, the winner claimed his prize on February 7. Under the provisions provided in the Individual Income Tax Law, he will be obligated to pay 20% of his lottery proceeds in taxes, the article stated.

 A customer purchases a Powerball lottery ticket at the Brew Market & Cafe on October 10, 2023 in Austin, Texas. The Powerball jackpot has grown to over $1.7 billion, making it the second largest jackpot in history | Photo by Brandon Bell | Getty Images
Photo by Brandon Bell | Getty Images

The man explained that he couldn't sleep after receiving the wonderful news of his win on his phone one night. He said, "Initially, I couldn't believe it, so I double-checked it multiple times. I couldn't sleep because I was so happy. The man, who owns a small business in Anshun, lost no time in driving to Guiyang, the capital of Guizhou province, to collect his prize money early the next morning. I've been analyzing the numbers that occurred on past winning tickets. I chose some of those and added one of my lucky numbers to bet on," he explained.

"I have been using this set of numbers for quite some time. I intend to share this fantastic news with my family over the Spring Festival holiday. His lottery win of 680 million yuan beat China's previous record of 570 million yuan, which was won by a Beijing resident in 2012. Stories of massive lottery winnings frequently receive tremendous attention on social media sites throughout mainland China

Image Source: Photo by Aykut suvari | Pexels
Image Source: Photo by Aykut suvari | Pexels

In December of last year, a man from eastern Jiangxi province paid 100,000 yuan on lottery tickets and won a massive 200 million yuan reward. This sudden gain raised public skepticism and prompted calls for an investigation. Similarly, a guy from the Guangxi Zhuang autonomous region received criticism after receiving 218 million yuan in 2022. However, he chose not to tell his wife or children about his victory because he feared it would make them comfortable and less motivated to work hard.

MORE ON MARKET REALIST
Pam, 83, said "I could have made a fortune, but it wasn’t to be. I’ve had a happier life than Marilyn ever had. I’ve no regrets."
54 minutes ago
Early 1980s was a special era as several rare coins were minted then.
11 hours ago
According to reports, the fisherman from Puerto Princesa found the item over a decade ago while he was fishing in the sea.
16 hours ago
For decades, the painting was hung in a shabby frame in the living room.
19 hours ago
The asteroid was discovered by Italian astronomer Annibale de Gasparis on March 17, 1852, who named it after the Greek Goddess of the soul.
20 hours ago
In the video, another friend can be heard gasping and noting how she thought that Maddie was 'exaggerating.'
23 hours ago
The man from New Jersey who was looking to save a few bucks, didn't know what luck had in store for him.
1 day ago
In 2004, Ashley Revell from London won $270,000 in one of the most stunning events in gambling history.
1 day ago
One of the rarest Rolex watches in the world was kept in a safety deposit for decades, unworn.
1 day ago
The "Rolling Stones" singer said leaving a part of the inheritance might "do some good in the world."
1 day ago
Inititally, reports claimed that it sold for $1.8 million which changed as the the dust cleared up.
1 day ago
The number was so large that it didn't even fit on a single line on the document.
2 days ago
Her new properties were estimated to be worth around $50 million.
2 days ago
He sued the lottery company for breach of contract, gross negligence and the infliction of emotional distress among other claims.
2 days ago
As of 2024, the iconic West Coast rapper is worth well over $160 million.
2 days ago
Taylor never knew he had won because the slot machine had malfunctioned.
3 days ago
"People were super welcoming and everyone wanted to have a coffee with me," she talked about the residents.
3 days ago
“It’s challenging, being an inventor,” Catherine Hettinger said.
3 days ago
The Facebook listing from is a contender for the weirdest rent agreement in history.
3 days ago
The "Bullet Train" actor made an unusual arrangement with the old widower.
4 days ago