The thai lotto is one of the two forms of legalized gambling in Thailand, and is operated by the Government Lottery Office (GLO). It holds two drawings every month – the first on the first and the 16th. The prizes range from a minimum of 22 million baht to 30 million baht depending on the type of ticket purchased. Tickets are printed on a yellow, thin, and smooth paper with a two-tone watermark of Wayupak, a mythical bird. They also contain two types of silk thread that are only visible under an ultraviolet light and can be used to verify the authenticity of the ticket.
To win the lottery, players must match six digits in a specific order. The odds of winning are one in a million. The top prize is usually a car or cash, and the rest of the prizes are smaller amounts of money or goods. The lottery is popular amongst Thai people of all ages, and in 2014 it was estimated that the average Thai spent 76 million baht on the lottery each year.
Despite being frowned upon by Buddhist doctrine, many Thais consider the lottery to be a good luck charm. The numbers in a cat’s bark, the number of spots on a snake’s skin, or a particular figure in a dream are all interpreted as omens and hints about which lottery numbers to buy. In addition, some rely on their local vicars for lottery advice. When a revered monk passes away, people will visit his temple not only to pay their respects but also in the hope of getting some hints on which numbers to play.
In Thailand, a significant part of the lottery’s profits is funneled into the treasury. The remainder is divided between street vendors, ticket wholesalers, social activity funds, and foundation, association, and organization discounts. In addition, there is a 0.5% stamp duty on winnings from the government lottery and 1% on winnings from the charity lottery.
There is a huge gambling industry in Thailand, and it has grown exponentially over the past decade. In fact, it is now estimated that the total amount of bets on European soccer games in Thailand exceeds $2 billion dollars per week. It is important to note that the majority of this revenue comes from foreign bettors. Regardless, it is still a large amount of money and is one of the primary reasons why the Thailand Lottery has introduced an online system for bettors. The new system is expected to be launched in early 2015, and it will provide players with a more convenient way to place bets on the lottery. Moreover, it will also offer a variety of payment options, including credit cards and digital wallets. This will make the process much easier for overseas bettors. The online lottery platform will be powered by a number of reputable companies and will provide customers with a safe and secure environment to place their bets.
