Aside from horse racing, lottery is one of the most popular forms of gambling in Thailand. In fact, a whopping 19 million of the country’s residents play the thai lotto every month. This government-sanctioned lottery takes place twice a month, on the 1st and 16th of each month. Winnings are usually announced within two weeks after the draw, and players have up to two years to claim their prize.
The thai lotto is run by the GLO, or the Government Lottery Office. A total of 28% of profits are used for state-level purposes, while the remaining 20% is divided between street vendors, ticket wholesalers, and social activity funds. The rest of the money is used to pay prizes and other administrative costs.
While the thai lotto may not be as lucrative as those of larger countries, the prize amounts can still be quite large. However, many foreign players overlook this lottery due to its lower jackpots and confusing rules and regulations. It’s important to understand how the thai lotto works in order to make the most of your winnings.
Each thai lotto ticket comes with pre-printed numbers, so the process of picking numbers is simpler than with other lottery games. This reduces the chances of selecting unlucky numbers and helps increase the odds of winning. In addition, the thai lotto is not subject to the same taxation as other types of gambling. Winnings of 20,000 baht or less can be cashed at authorized retail venues, while larger amounts must be claimed at the head office of the GLO in Nonthaburi.
Those who want to win the thai lotto must purchase tickets from an authorized vendor or retail venue. The maximum price of each ticket is 80 baht, which makes it more accessible to people with low incomes. In the past, brokers and retail venues would add a percentage to the ticket price in order to generate revenue, but this has now been banned. Winners must fill out a claim form and write the necessary details at the back of their winning ticket. They must also present a valid Thai identification card or passport for foreign bettors.
Unlike other lotteries, the thai lottery does not have a bonus prize category. Instead, it has a second prize of up to 30 million baht for the top three numbers in each group. The draw chairman randomly chooses a colored ball to start each of the lesser prize draws. The results of the thai lottery are announced on each draw date at around 5pm local time. Those who are lucky enough to win the prize must come to claim it immediately after the results are announced, and they will need to bring their ticket together with their ID card or passport. If they cannot do so, their prize will be revoked.
