Thai Lottery  and History of Thai Lottery

The Government Lottery Office is in charge of running Thailand's official national lottery (Thai:, RTGS: salak kin baeng) (GLO). Every month, the lottery is drawn on the first and sixteenth. In Thailand, there are only two legalised gambling activities allowed; the other is horse racing in Bangkok.

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thailotterywiners.com

thaiglo.org

Despite the low chances of winning and the poor payout ratio, the lottery in Thailand has enormous popularity. In comparison to global averages of 74% for bingo, 81% for horse racing, 89% for slot machines, and 98% for blackjack, the payout ratio for the Thai lottery is 60%. (basic rules). In Thailand, it is the most widely used legal gaming option.

According to Wanchai Boonpracha, secretary of the Family Network Foundation, 19.2 of the 67 million Thais that participated in the government lottery in 2014 spent 76 billion baht (US$2.3 billion). The Thai GLO prints and sells the lottery tickets to wholesalers, in contrast to most other nations where the government issues licences and regulates the lottery industry. Because other forms of gambling are strictly prohibited by law, the GLO keeps 28% of lottery winnings for state use.

History of Thai Lottery

The first lottery tickets were sold during King Rama V's reign (1868–1910). The Royal Bodyguard was then given authority by the king to run a lottery on his birthday in 1874. Then, until 1933, when they started to become a regular source of money for the government, lotteries were held sporadically. The cost of a lottery ticket has increased through time from one baht to its current official price of 80 baht, though this price is rarely actually paid because a surcharge is almost always included.

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One of the top concerns of the military government, which came to power in May 2014, is lottery reform. The military administration has stipulated that a lottery ticket's cost cannot exceed 80 Baht as of June 16, 2015. The so-called "jackpot" or bonus first prize of 22 or 30 million baht will no longer exist as of 1 August 2015.