The Thai Lotto – How to Win Lottery Tickets in Thailand
Known as the Thai Lotto, the Thai lottery is a state-run entity which has a long history. Although หวยเงินไหลมา is still largely paper-printed material-based, the government has recently introduced a computerized system. It has the potential to increase the number of lottery tickets by as much as seven to eight million.
The first Thai lottery was issued on King Chulalongkorn’s birthday in 1868. It is a form of regulated gambling in Thailand, and over one-third of the country’s population regularly plays the game. It is estimated that more than two billion baht is generated by the lottery annually. There are over 70 million lottery tickets sold in the country each year.
The lottery is held on the first and the 16th of each month. The results are broadcast live on TV and online. Ticket prices vary depending on the winning numbers. The odds of winning the top prize are about one in a million. In order to win, players must choose a number from a pool of six digits. The lowest ticket price is 1,000 baht. The second prize is 100,000 baht, and the third is 40,000 baht. The fourth prize is a pair of prizes, and the fifth is a prize of 10,000 baht. There are more than 100 different prizes available.
A “jackpot” prize was used to be B30 million and B22 million. This was eliminated by the military government in 2015. However, the bonus prize was not abolished by the government until the end of 2015. The military government’s decision to eliminate the optimal amounts is not entirely accurate.
As a political tool, the lottery has been protested as a means of corruption. It has been claimed that brokers are responsible for overpricing the tickets. This has led to a protest against the GLO, the lottery’s operator.
The ticket is made of special yellow paper, which is coated with chemicals. It has a two-tone watermark. It is also printed on a silk thread. Traditionally, เงินไหลมาเด่นบน is believed to have mystical powers. When exposed to ultra-violet light, the thread turns into a reddish color. The tickets are distributed through a network of fourteen thousand authorized retail venues. The lower prize amounts are cashed out at these locations.
The lottery has a legislative framework, and the payout of prizes is determined by the legislature. The state-run lottery must spend 3% of its revenue on administrative costs and 28% on the sales of tickets. It is expected that the Thai Charity Lottery will generate at least four billion baht for charities each year.
The smallest prize is offered to a lucky ten thousand ticket holders. The largest prize is paid out in cheques. If the prize is less than 20,000 baht, it can be claimed in cash. A Thai lottery winner must claim the prize within two years from the date of the draw. In addition, the winner must pay a 0.5% tax to the local agent.