What is the Thai Lotto?

thai lotto

Thai Lotto is a state-run lottery in Thailand that allows players to win cash prizes by matching their numbers. It is a popular pastime amongst the country’s population, and many people play it every month. In 2014, 67 million people spent more than 2.3 billion baht on tickets. The lottery is the only form of gambling that the government allows in Thailand. It uses 28% of the proceeds for state affairs.

There are two lottery draws each month, held on the first and the 16th of each month. The winning number must match all six digits in the correct order. The odds of winning vary each draw, depending on the total number of tickets sold. The first prize is 1 in 10 million, followed by a second-prize prize of B50,000 for matching the last four digits, and finally a third-prize prize of B40,000 for matching the final two digits.

The winnings of the thai lotto are paid in cheques and can be cashed at authorized retail venues. To claim a prize, you must present the ticket, a valid identification document and your bank account details. Prizes that are lower than 20,000 baht can be claimed immediately, while larger amounts require you to visit the GLO headquarters in Bangkok. If you are not a Thai citizen, you will need to bring your passport.

A large percentage of the thai lottery tickets are sold by poor, deaf or blind people. The job offers them a way to make money and provide for their families. The ticket sellers make a small profit on each sale, and they also get to keep their share of the tickets’ sales revenue. They are not allowed to sell the tickets at higher prices than the official ones, and they must pay a 1% stamp duty on winnings.

Before the military government cracked down on the number superstition, lottery vendors were selling tickets with numbers that they thought were lucky for ridiculous amounts. This is one of the reasons that a maximum price per ticket was instituted.

During the draw, the chairman randomly selects a colored ball to determine the order of lesser prize draws. A yellow ball is used for the 2nd prize, pink for the 3rd prize, green for the 4th prize, and blue for the 5th prize. The first prize is announced after the lesser prizes are drawn.

The results of the thai lotto are published in the local newspapers and broadcast on television. The winning numbers are also displayed on the lottery website and mobile app. The prizes are usually credited to the winners’ accounts within 10 days of the drawing. The thai lotto is a great way to test your luck! Just remember to play responsibly. And if you don’t win, don’t be disappointed—try again the next time! Good luck!