Hanoi Lotto is a Major Source of Revenue for the Government and Lottery Retailers

hanoi lotto

Hanoi Lotto is a beloved lottery that draws players from across Vietnam and beyond. Users have many options available to them for selecting numbers, including an instant pick feature using computer-generated numbers. Alongside traditional lotteries, Hanoi Lotto also provides daily Keno drawing every 10 minutes; this game is regulated by state authorities, and tickets sold outside licensed agencies cannot be sold directly by players.

Vietnam Lottery Company has long been one of the major sources of revenue for their government, providing millions in prize money each year and creating jobs for lottery retailers and operators. Furthermore, their game has had an enormous impact on social and economic issues in Vietnam such as poverty alleviation and infrastructure development. Vietnam Lottery Company stands out as a prominent lotteries with over 20 branches throughout Vietnam to reach customers efficiently with quality service delivery.

Southern lottery companies contributed over VND22 trillion ($1.1 billion) to the state budget during the first half of 2021. Although their sales decreased during the lockdown, profits still reached between 98%-100% of pre-pandemic levels; this may be because many ticket sellers depend on selling lottery tickets as their sole source of income and support their families through ticket sales.

Phuoc, a physically handicapped seller in Ho Chi Minh City, is among the many physically disabled sellers making a living selling lottery tickets on his own for more than 10 years. Though not enrolled as a student, he must wake early every day in preparation for his 16-hour shifts which help cover rent and basic food needs.

Huong sells lottery tickets at her shop in central Saigon and makes between VND132,000-165,000 per day; her sales have fallen dramatically during the pandemic and must support her family of two children and husband through lotto sales alone.

The country’s lottery business has experienced steady growth over time due to people believing they can win big prizes by picking random numbers. Not everyone agrees that playing the lottery provides any tangible benefits – some critics view it as harmful gambling that poses risks to health while others maintain profits from lottery sales do not live up to what was advertised.

No matter their political opinions, many Vietnamese still find playing the lottery an entertaining and enjoyable way to pass time. Its success has led many other businesses to join in the practice – it is likely more will join later. Although its legality in Vietnam remains controversial, playing lotteries remains a popular pastime among its residents.