Just like every other Prize bond or Lucky Draw, the Lotto Prize is also not Tax-free. For Php 20.00 and Php 10,000.00 Prize, no tax is charged and all the amount is received by the winner but if it exceeds Php 10,001.00 then there is a 20% tax charged by the government according to the TRAIN or Tax Reform for Acceleration and Inclusion Act before the winner can have his prize.