From 32K To 32 Million Canadian Dollars
By hereandthere
@hereandthere (45628)
Philippines
November 17, 2016 11:05am CST
At first, Patrick Estacio thought he won $32,000 Canadian dollars. Then he was told it was actually $32.7 million!
The solo winner of the 6/49 Loto-Quebec jackpot draw last November 9, 2016 is a 41-year-old Filipino residing in Montreal. He came to Canada two years ago, works two jobs, and rents a room.
Today, 1 Canadian dollar is 36.95 Philippine pesos, so $32,707,357.00 would amount to Php 1,208,536,841.15.
The retailer's commission is $327,073. I hope the owner shares it with his or her staff.
Being a lotto ticket seller seems to be a reliable business, too, since you have a regular share in the ticket sales and people keep buying tickets, anyway.
Would you rather operate a lotto outlet than be a megajackpot winner?
How much of the jackpot commission would you share with your employees?
Source:
List of press releases issued by Loto-Quebec and its subsidiaries.
17 people like this
17 responses
@acelawrites (19272)
• Philippines
17 Nov 16
I'd rather be a lotto winner, but I have to share it and choose the needy ones.
2 people like this
@hereandthere (45628)
• Philippines
18 Nov 16
for me it depends on the amount. if it's 1 to 5 million pesos, yes, but something that huge would be scary. who would you help @acelawrites? how do you make sure they benefit from it long-term?
1 person likes this
@hereandthere (45628)
• Philippines
21 Nov 16
@AkoPinay encash the check then keep it at home?
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
yeah, i was thinking the income is more reliable and long-term, since you will always have buyers as long as it's in a good location.
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
@Lucky15 i think it's hard for other people not to know - family, relatives, neighbors, classmates, officemates.
1 person likes this
@Lucky15 (37391)
• Philippines
18 Nov 16
@hereandthere and also won't get that much attention from thieves. Hhaha
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
but what if you did, how would you share the money?
1 person likes this
@salonga (27775)
• Philippines
18 Nov 16
@hereandthere I really don't know. But it is more than I need so my relatives and my church will surely get their share and also charitable institutions.
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
oh, really? i hope it's still a profitable business.
how about the lottery winnings, are they tax free?
1 person likes this
@LadyDuck (502573)
• Italy
18 Nov 16
@hereandthere No the lottery winnings are not tax free, you pay taxes on them. The lottery tickets are sold by the magazines and newspaper vendors.
1 person likes this
@Jessicalynnt (50523)
• Centralia, Missouri
17 Nov 16
if I get to pick BEING a winner I would take that, but if its just a chance at, I'd take the selling of. If I got 327000, and am going to assume 10 employees, since most places are small, I'd give them each 10K or so!
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
sharing 10k each for 10 employees equals 100,000 or 1/3 of the commission is a good percentage. i wonder if some of them will quit afterwards? hehe.
1 person likes this
@hereandthere (45628)
• Philippines
19 Nov 16
@Jessicalynnt exactly! so if i were the boss, i'd do it as a surprise, one employee at a time. hehe.
1 person likes this
@Jessicalynnt (50523)
• Centralia, Missouri
18 Nov 16
@hereandthere I might, lol, I could live on that for awhile if I was careful, and use the time to look for a job I liked!
1 person likes this
@Happy2BeMe (99353)
• Canada
17 Nov 16
Wow congratulations to him! That is awesome!!
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
yes, it's a mind-boggling amount even for those who live there. would you take it as a lump sum @happy2beme?
1 person likes this
@1hopefulman (45111)
• Canada
17 Nov 16
I have never bought a ticket and I hope I never will. I promised God that I would never again (once I slopped) gamble and I hope I can keep that promise.
1 person likes this
@hereandthere (45628)
• Philippines
17 Nov 16
it isn't something i grew up with, so betting or buying tickets never became a habit.
1 person likes this
@marguicha (230350)
• Chile
22 Nov 16
I don´t usually buy lottery tickets, but I would love to win the biggest prize. And I cannot imagine any person who will say no to it. As for people who operate a lotto outlet here, I don´t know if they recieve any money.
1 person likes this
@jobelbojel (36796)
• Philippines
20 Nov 16
I think so. The commission would be very enticing.
1 person likes this
@hereandthere (45628)
• Philippines
18 Nov 16
i also think filipinos get surprised when they go overseas at how high the cost of living is. anyone would be happy with 32k, even just 3,200.
@Gita17112016 (3611)
• Trinidad And Tobago
24 Nov 16
Wow...what a nice story. Congrats to him. Glad the money went to a hardworking person. I wasn't aware that the lotto outlet allow the owner to get a commission. Well, not here in Trinidad. My brother rents out the place to the lotto vendor and the person who purchases the winning ticket get the jackpot minus the Government taxes. No commission for any one. But if I were to win the lotto or the commission I will share. However, this is not always a good thing to share...people are so greedy, it's never enough. Usually there are huge fights..and killings...so, better not to share.
1 person likes this
@epiffanie (11327)
• Australia
20 Nov 16
I would know how much i would share or what i would buy until i actually won that much money ..
@brokenbee (11937)
• Philippines
19 Nov 16
Both... Hihihi I want to be the owner and the winner so that the entire winnings will be mine. LOL -greedy- hihihi
But of course, I will share my winnings to my family and to those who are in need. Maybe I will just leave some for myself if ever I will win.
1 person likes this
