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Thai lottery is offered by the GLO ( Government Lottery Office ) built by the government to handle all kind of lottery related issues in Thailand lotto.
Lottery Thailand is legal and the money earned from it is used for the overall prosperity of the country.
Right now the Thailand lottery offers currently 2 lottery Thailand tickets. Both have almost same prizes but different amount of tax to be paid on each Thailand lottery ticket.
So what basically are your chances of winning this Thai lottery? Good question. I've got an answer for that. 60 %. Out of 100 lottery Thailand tickets sold, 60 are the ones that make it to the top.
This is known as basically pay out ratio. Basically it is lower than the payout ratios around other countries around the globe.
Well as far as the history of lottery Thailand is considered let's clear it in just one sentence. It's very old with their roots in 1800s to 1900s.
Right now Thai lottery is offered in two types. Both have same first prizes and the other prizes but different tax.
Bumper prize is no longer available so it's only about the first prize now.
Thai Government Lottery ( TGL ) is the lottery Thailand ticket offered with the first prize of 3 million baht. with the amount of tax to be paid 0.5 %.
Thai Charity Lottery ( TCL ) is the Thai lottery ticket available with the first prize of 3 million baht and the amount of tax applied is 1%.
As far as the procedure to get involved in Thai lotto is considered, here is your brief guide. First of all this GLO publishes the desired amount of Thai lottery tickets.
Then these Thai lottery tickets are bought in huge bulks by the people most commonly known as whole sellers or Brokers.
These whole sellers then sell these lottery Thailand ticket in small bulks to retail vendors.
Retail vendors are registered by the government and are responsible for selling Thai lottery tickets to general public.
The official prize of Thai lottery ticket is 80 baht but can increase just in case of shortage or due to mischief caused by retail vendors or brokers.
The prizes offered by lottery Thailand are 100k,40k,20k and 10k baht.
The bumper prize was removed from the Thailand lottery scheme.
Also Check out our articles on Swertres Results and Uk49s and Ghana Lotto here.
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