The thai lotto is the official national lottery of Thailand. It is administered by the Government Lottery Office (GLO). It has been the only form of legalized gambling allowed in the country since its introduction in 1874. The GLO is responsible for ensuring that all lottery proceeds are used according to the law. It also collects taxes on winning tickets. The lottery is held twice a month, on the first and 16th of each month. It is one of the most popular forms of gambling in the country.
In 2014, approximately 67 million Thais of all ages played the government lottery, spending a total of 67 billion baht. A portion of the proceeds is used for state affairs and other purposes. This is a good way to generate revenue for the country. It also helps to provide a good source of income for those who are not fortunate enough to win the top prize.
Those who are not lucky enough to hit the jackpot can still win a substantial amount of money by purchasing a pair of tickets. There are two ways to play the thai lotto: online and in person. Online players can purchase their tickets through various websites. These sites are able to offer a variety of benefits including better odds, credit purchases, and the ability to choose their numbers. Moreover, there are no hidden fees or commissions.
Lottery 123 has been a popular form of gambling in Thailand for many years. The game is regulated by the GLO, which prints and sells tickets to wholesalers and retail venues. The ticket price is based on a formula that includes a markup from the ticket vendor and the cost of the printing. This means that the final ticket price can be higher than the original face value.
Before the thai lotto was introduced, Thais gambled illegally through underground lottery operators. These operators ran parallel lotteries and could be 5 times bigger than the official thai lottery. This aching need to gamble has become a lucrative business for illegal operators and dealers.
There are a number of different strategies that people use to try to win the lottery in Thailand. Some of these methods include interpreting dreams and omens. For example, a dog barking three times or the number of spots on a cat’s fur may indicate that you should buy a certain ticket. Other methods include praying to banana trees, interpreting candle drippings in holy water, and asking children to pick their favorite numbers.
To claim the prize, winners must fill out a claim form and write the required details on the back of their winning ticket/s. They must also present their Thai ID card or passport for foreign bettors. Winnings are subject to a 0.5% stamp duty on government lotteries and 1% stamp duty on charitable lotteries. If the prize is 20,000 baht or less, the winner will be paid in cash. If the prize is more than 20,000 baht, the winner will be asked to pay a withholding tax of 30% of the total amount of their winnings.
