How long does it take to get your money if you win PowerBall South Africa? A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. All Lotto winnings are paid out tax free. How do you collect your winnings? For claims on winnings of R50 000 and above, winners are requested to provide their ticket with their details written at the back, proof of identity as well as a letter of confirmation of banking details or a 3-month bank statement. How do I claim my lotto winnings in South Africa Players who have won a prize up to R2,000 can claim their prize from any licensed lottery retailer across the country. This involves taking the physical ticket to the retailer and collecting the winnings over the counter. All retailers must pay out up to R50. 00. How soon after winning lottery do you get the money When you win a Powerball or Mega Millions jackpot, there is a 15-day waiting period between the draw date and when the jackpot will be paid out, as money from ticket sales needs to be collected in order to pay out the jackpot. Often referred to as a “lottery annuity,” the annuity option provides annual payments over time. A lump-sum payout distributes the full amount of after-tax winnings at once. Powerball and Mega Millions offer winners a single lump sum or 30 annuity payments over 29 years. Can you remain anonymous if you win the lottery in South Africa All winners have the right to remain anonymous if they so choose. Ithuba will keep records of all prizes paid out over R50,000 but will keep them confidential. Winners must give their consent for their identity to be made public.