The Thai Lotto is the official national lottery of Thailand. It is a state-run lottery, with a legislative framework that ensures it is run in a legal and fair manner. You can play the Thai lottery by purchasing tickets from retail venues or brokers. If you are lucky, you could win one of the six million baht prizes.
Tickets are sold for a minimum of 80 baht. They feature a two-tone watermark, silk thread and a printed six-digit number. Most people choose a lucky number.
Each lotto ticket is also branded with a special yellow paper. In addition to the prize, there is a 0.5% withholding tax to be paid to the Government. To claim your prize, you must present your ticket with your passport and a valid Thai ID card. Alternatively, you can cash out your prize at authorized retail venues.
There are three offices for the Thai Lottery in Bangkok. The office prints the tickets for the draws, distributes money to various charities, and transfers over 4000 million baht to the government treasury. Moreover, the office also provides scholarships of 20,000 baht to undergraduate students.
The tickets are primarily sold through retailers and brokers. There are over 14,760 retail vendors registered in the country. Some retail venues put a percentage on top of the price. A good way to check on the ticket’s validity is to look for signs of a fraudulent watermark. Another tip is to avoid buying lottery tickets from store owners or people who do not look like Thais.
The Thai lottery is administered by the Government Lottery Office (GLO). GLO prints 70 million lottery tickets each year, with about 60 percent of ticket sales going to the state. 12% of the profits are spent on administration and 0.50% on withholding taxes.
Aside from the main prizes, there are also jackpots. The prize amounts range from 1,000 baht to 6 million baht. However, it is possible to win less than 20,000 baht. ลือลั่นสนั่นเมือง is in place to prevent fraud and scams.
Purchasing a lottery ticket is easy. Just make sure you do your research and pick your numbers carefully. For more information, you can visit the GLO website. Moreover, there are many websites that offer a range of lottery results.
Aside from the Thai lottery, there are two other forms of gambling in Thailand. Horse racing and horse betting are both legal in the country. Both are very popular. The Thai Lotto is a great way to earn big cash. Nevertheless, you should be careful with fake lottery tickets.
When playing the Thai lottery, you are required to pay stamp duty. The smallest prize is a mere 1000 baht. On the other hand, the largest prize amount is not paid in cash. Instead, it is remitted to the state. Therefore, the winner must have enough funds to cover the stamp duty.
For those who are not able to buy a ticket, they can obtain one from a local agent. These agents usually charge two to five lots of 100 baht.