Wagering requirements
The General Terms and Conditions govern use of the Website and your participation in gaming. It is important to read these terms carefully before participating in any game. Be sure to also read the Promotional Terms. In some cases, the general terms may be different from those of the Promotional Terms. Regardless of the difference, it is important to know what you’re getting into before participating in any lottery games.
The wagering requirements usually range from one to five times the bonus amount. These requirements apply to both the bonus money and the amount you deposit. For example, a $100 free bet must be wagered at least 1x before it becomes withdrawable.
Tax-free payouts
If you win the lottery, you should know that winning the prize can be tax-free in Australia. This includes winning the Golden Casket lottery, NSW Lotteries, Tatts NT and SA Lotteries. However, if you win a large sum of money, you may have to pay Centrelink based on your income and assets. It is best to consult a financial adviser for guidance.
Winning the lottery can be both exciting and a little bit of a bummer. You may not have to pay half of your prize in taxes, but you may have to pay a substantial percentage. If you win, you should consult a financial adviser and tax adviser to determine how to manage your windfall. You should also think about how you will spend your windfall. You may need the money now, or you may want to make annual payments over the course of several years.