MCC 9406 - Government Owned Lottery 
The Merchant Category Code (MCC) 9406 is specifically designated for Government Owned Lottery agencies. This MCC is used to categorize transactions related to the sale and processing of lottery tickets and other gaming activities conducted by entities owned or sanctioned by the government. These include national and state-run lotteries, where the goal is to generate revenue for government programs, such as education, infrastructure, or social services, while providing an outlet for legal gaming.
Types of Services
- Lottery Ticket Sales: Purchase of government lottery tickets for various games including daily draws, multi-state lotteries, and scratch-off tickets.
- Online Lottery Platforms: Websites or online portals authorized to sell and manage lottery tickets and provide digital access to lottery games.
- Prize Claims: Services related to claiming winnings from government-sponsored lottery games.
Related MCCs
- MCC 9754: Gambling Transactions: A broader category covering a wide range of gambling activities including casinos and online betting sites, differing from MCC 9406 by encompassing non-governmental gaming entities.
- MCC 7995: Betting, Including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks: This MCC includes a variety of betting and gambling operations beyond government lotteries.
FAQs
- Do purchases under MCC 9406 incur special fees or interest rates?
- Purchases may be treated similar to cash advances by some credit card issuers, potentially incurring higher fees or interest rates, so it's advisable to check the terms with your issuer. - Can I purchase government lottery tickets online?
- Yes, if the government's lottery operates an authorized online platform or if there are approved third-party websites that sell tickets. - Are winnings from these lotteries taxable?
- Yes, lottery winnings are typically subject to taxes, and it is the responsibility of the winner to declare these earnings according to local tax regulations.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers