The lottery that is administered by the government offers tickets on the internet at the official price of 80 baht in order to keep the prices of street sales lower. This practice, however, could be unconstitutional. Buyers who purchase online need to check the tickets carefully for authentic marks like silk threads or a specific watermark that is visible when exposed to ultraviolet light.
Rules of the lottery
The lottery is the sole type of legal gambling available in Thailand. The Government Lottery Office regulates the lottery. The draw is made on the first and 16th day of every month.
Only locals are allowed to offer lottery tickets. People who want to play in the lottery need to buy their tickets from authorized sellers. Additionally, they need to be at least twenty years old. If you’re not from Thailand, an Thai family member can buy your tickets for you.
The GLO’s official lottery ticket are pre-printed, include various anti-counterfeiting options as well as being sold in “ticket pair.” They also come with the list of winners as well as ancillary details. A single person is designated the draw chairman, who inspects the equipment and number of balls. Then, he randomly selects balls to initialize the machine.
Prizes
There are a variety of prizes to be won in the Thai lottery. First prize of 1 million Baht will be awarded for those who have the numbers of all six winners. The second, third and lesser prizes are also available.
It’s held twice per month it is held on the 16th and first of every month. It is the sole legally-regulated form of gambling in Thailand.
The official lottery ticket is printed on yellow paper and has a watermark depicting Wayupak, a mythological creature. The ticket also has a chemical that can be stained with bleach. It is designed to deter counterfeit tickets. In addition, the paper has a six-digit number. In addition, the GLO recently introduced an online platform for sales of lottery tickets permitting sellers to sell tickets straight from the website. This will help keep prices low, however it is considered to be a controversial decision.
Taxes
The winners of lottery prizes will be required be liable to pay a minimum of 1 percent of their prize in tax. The amount of tax you are required to pay varies based on the age of you and the extent to which you’re a resident. Younger people, for example have lower tax rates than people of older age.
Nevertheless, many people still take part in government-sponsored lottery games, spending between 250 and 250 billion Thai baht per year. The economists say that this could be a disguised tax on the poor, as most people who play the lottery are poorer income brackets.
The Government Lottery Office (GLO) is able to sell 100 million tickets in each lottery draw every first and 16th of each month. The tickets are offered for sale at the face value to major distributors and to licensed small-scale vendors. Some retailers however are selling tickets at higher prices, violating GLO policies.
Legality
To tackle this issue, the government is taking action against betting on illegal games and the sale of overpriced tickets to play lottery games. This year, the Government Lottery Office will launch two lotteries in order to fight these problems. These brand new offerings are expected to be offered at official ticket booths, as well in online. Additionally, it will impose penalties on those who offer tickets with higher costs. Also, the lottery funds scholarship and charitable organizations. It generates four billion baht a year for the Treasury of the Government.
The gambling laws in Thailand are tough, however a larger amount of people are using the most popular lottery websites online. If test want to increase your odds of winning, set a realistic budget and follow the rules. Importantly, you should not bet over what you are able to pay for.
The Rules of the US
Thai lottery games form aspect of Thai cultural tradition and entertainment. They mix elements of religion in the supernatural, imagination, and Thailand’s extensive religious or political, as well as economic. They also play on the cognitive biases and mental shortcuts that users use to decide.
In Thailand there exist 35,000 lottery dealers registered, of which 15,000 reside located in Bangkok. The remainder of 20.000 live in provinces. The sellers must be minimum 20 years old and have a valid ID. The vendor must also be endorsed by the GLO to be able to sell tickets.
You must bring your ticket together with your valid ID with you to the GLO headquarters in Bangkok. International winners must bring their passports.
