The official national lottery in Thailand is called the thai lotto and it is administered by the government. It has two draws every month, on the first and 16th of each month. It is one of only two forms of legal gambling in the country. The other is horse racing in Bangkok. It is estimated that about 19 million Thais play the lottery.
The thai lottery is the most popular form of gambling in Thailand. People who want to win the jackpot must pick numbers carefully and test their luck by visiting temples or shrines for guidance. They also visit fortune tellers for lottery hints. Many Thais believe that a monk who is well known has special powers and can help them select winning numbers.
If you are lucky enough to get the winning number, the thai lottery offers several prizes. The second prize is 100,000 baht, the third prize is 40,000 baht, and the fourth prize is 10,000 baht. In the past, there was a jackpot prize of 22 or 30 million baht. However, this generous prize was removed by the military government after 2014.
The first prize winner receives a cash lump sum of 3 million baht or more on TCL tickets and 2 million baht on TGL tickets. Winnings are paid by cheque in a lump sum and are taxed at 0.5%. The thai lottery is a great way for people to execute their dreams and live better lives. The thai lottery is regulated by the government and has been around for decades. It has even won the trust of the people and is a safe way to invest money.
In order to avoid fraud, the thai lottery has strict requirements for its participants. In addition to a photo ID and a passport, winners must also provide proof of income, address, and bank account. The winner must also sign an agreement to protect the integrity of the game and not share the winnings with anyone.
To discourage counterfeiting, the thai lotto uses special paper. This paper is yellow, thin, and smooth with a watermark of Wayupak, a mythical bird, that can only be seen with ultraviolet light. The paper is also treated with chemicals so that if it is stained, the stain will be visible.
The thai lotto is an important source of revenue for the government and is used to fund public projects. The government allocates 28% of the ticket sales to the prize fund, 9% to street vendors, 2% to national wholesalers, and 3% to foundations, associations, and organizations. The remaining 12% is for administrative costs and the cost of selling the tickets. The total revenue from the thai lotto is approximately 1.4 billion baht per year.
