Latest Thai lottery king Live – Magic Tips 1st November 2019: You may not find any Thais who have never participated in the Thai lottery. As the only legal lottery, Thais tend to take this lottery very seriously. They would actually save for the Thai lottery king Live so they can try their luck again. Some people would buy a set of up to 100 Thai lottery tickets. Some were going to pray at the church for the result of the Thai lottery.
Thai lottery king Live – Magic Tips History
The first lottery was created in Thailand because of the king of the Thai Lottery Rama V. The lottery was drawn and organized at the Thai lottery king Live. Updates to the Thai lottery Magic Tips results are a success, as many people have participated. The next Thai lottery was drawn in 1917. This time, it had arranged for Thailand’s entry into the First World War. Subsequently, the third lottery was organized and drawn in 1932;
At present, the Thai lottery Magic Tips is held annually. The Thai lottery office issues 5 million tickets for each draw. The Government Lottery Office also issues two million tickets for the promotion of sport and nearly seven million for charities. Apart from this, due to the Thai lottery, the government also provides 440 scholarships to undergraduate students.
To print Thai lottery tickets, GLO operates a large printing press every year. Millions of Thai lottery tickets are printed and bought every day. That was the story of the Thai King lottery and how the Thai lottery started.
An important and most important tip for anyone planning to invest in the Thai lottery this year, make sure to buy lottery tickets at a GLO associated store/point of sale. There are many people selling fake Thai lottery tickets on the market.
You must also choose wisely your Thai lottery ticket number. Many articles will teach you and give you incredible tips and tricks on how to strategically choose a Thai lottery ticket this year and increase your chances of winning.
You can now imagine how much Thais love Thai lottery tickets. The tradition of this Thai lottery has been going on for decades. People were investing and winning, and they are always looking forward to participating in the lottery in Thailand. This lottery is held every year. It is hosted by GLO (Government Lottery Office). In addition to normal cash prizes, GLO also provides scholarships to many undergraduate students and money for charities.
Latest Thai lottery king Live – Magic Tips 1st November 2019
Thailand’s official national lottery (Thai: สลากกินแบ่ง, Royal Thai
general System (RTGS: salak kin baeng
) is administrated by the Government Lottery Office (GLO). The lottery is drawn on the first and sixteenth of every month. It is one of only two forms of legalized gambling permitted in Thailand, the other being horse racing in Bangkok.
Thai Lottery Result
The lottery in Thailand is hugely popular despite the low odds of winning and the unfavorable payout ratio. The payout ratio for the Thai Lottery is 60% as compared with world-wide averages of 74% for bingo, 81% for Horse racing 89% of slot machines, and 98% in blackjack9 basic rules).
It is the most popular legal form of gambling in Thailand. Around 19.2 of 67 million Thais played the Government lottery, spending 76 billion Baht (US$2.3 billion) in 2014. According to the Family Network Foundation’s Secretary Wanchai Boonpracha. Unlike in most countries, where the Government license and monitors the lottery business, the Thai GLO itself prints and sell the tickets to wholesalers. The strict laws that are forbid other gambling activity results in the GLO pocketing 28% of lottery profits for state use.
: Government of Thailand
: 359 Nonthaburi Rd, Tha Sai Sub district, Mueang Nonthaburi, Nonthaburi 11000
: 8 Billion Baht (US$267 million)
: Maj Gen Chalongrat Nakartit, Director-General
Ministry of Finance
As the Government lottery is a public concern and as a source of state revenue, it was made a state enterprise with a legal identity. The Government Lottery Office (GLO) Act B.E. 2517 was enacted on 11 September 1974, and became effective on 1 October 1974.
Lottery Tickets were first issued in the region (1868-1910) of King Rama V. At that time the king granted the Royal Bodyguard Permission to operate a lottery on the occasion of his birthday in 1874. Lotteries were then held intermittently until 1933 when they became a standard Government revenue source. Over the years the price of a lottery ticket has climbed from one Baht to its present official price of 80 Baht, although that price has been seldom observed, a surcharge Invariable being added.
The Military government that took power in May 2014 has made lottery reform one of its priorities. Starting 16 June 2015, the military government has mandated that the price of a lottery ticket exceeds 80 Baht. Starting 1st
August 2015, what is commonly called the “jackpot”
First Prize of 22 or 30 million Baht will be eliminated.
Until October 2015, from the GLO printing press to the ticket consumers, The Thai government, Lottery tickets was bought and sold in a multi-tiered market. The GLO sold lottery to national wholesalers, commonly referred as “brokers”. The Broker, then sold on the nation’s 14,760 registered retail vendors who in turn sold to the public.
In September 2015 the Government announced a new paradigm for the sale of lottery tickets. Lottery vendors will be able to buy lottery tickets directly from the GLO under the scheme to reduce the high price of lottery tickets. Direct purchase is available only through Krung Thai Bank.
Vendors must register with the GLO and must have to open the account for the payments to buy the lottery tickets. The vendors were allowed to purchase from 5-50 books at the price of 70.40 Baht for a pair of tickets. Each book includes 100 tickets-pairs. The new scheme will increase the number of lottery tickets for sale by 7-8 million.
As December 2014, of the 74 million lottery tickets printed for the bi-weekly lottery, 22.74 million or 30.7% of them were allotted to 10 organizations. The GLO Foundation is the biggest recipient, having a fixed quota of 9,213,500 tickets.
Maj Gen Apirat Kongsompong, chairman of the GLO board
. Said that under this new pricing, retailers will make a profit of 9.60 Baht per ticket and they will make 10,000 Baht profit each month two fortnightly draws. He has said that selling lottery tickets”... is not a job,…”and should be treated supplementary careers. Vendors should find a second job to make extra earnings. If they have to find something to do in their village, they should be a farmer.
Buying a Lottery ticket
Lottery tickets are sold to national wholesalers who then sell to the local retailers. Tickets are available only from retail agents. Lottery vendors can be found roaming markets, streets, and village carrying their signature slim wooden ticket briefcase, there are also lottery tickets stands outside shops such as Tesco Lotus and Big C. Lottery tickets come in “ticket-pairs”. The official cost of a single ticket is 40 Baht, but lottery ticket can be purchased at ticket-pairs, making the official retail price 80 Baht.
Since last summer’s lottery reforms, it has been illegal to inflate ticker-pair prices above the 80 Baht threshold. Though marked-up prices from street vendors are still commonplace, the ongoing crackdown has created significant difficulties to the ticket seller.
Types of Thai Lottery Tickets
There are two types of this lottery ticket. The first is the Thai Government Lottery
) ticket. The other is a Thai Charity Lottery
) tickets. These titles are printed on the upper side of each lottery. Aside from the names, the two differ only in their first prize payouts and the amount of tax to be paid on winnings. TGL tickets have a first prize of three million Baht, a bonus prize of 30 million*, and are taxed at 0.5%. TCL tickets have a first prize of three million Baht, a bonus prize of 22 million*, and are taxed at 1%.
Bonus prize eliminated by the Military Government after 1st 2015
Thai lottery tickets, whether TGL or TCL, are pre-printed, include a number of anti-counterfeiting features, and can only be purchased with tickets-pairs. Single tickets are not sold, only ticket-pairs.
Ten “Guests” unaffiliated with the lottery attend each drawing to act as official witnesses. Drawings are held at GLO Headquarters on the first and sixteenth of every month. Should either of these dates fall on a holiday, the draw is postponed to the next day. All drawing is televised from 15:00 to 16:00 on the day of the draw.
Claiming a Prize
Prizes must be claimed within two years of the draw date. Prizes of less than 20,000 Baht paid to you in the form of cash by a retail vendor. A one or two percent commission is deducted from gross winnings. For prizes of more than 20,000 Baht, the winning ticket and its holder must be percent in person at the government lottery office in Nonthaburi where a cheque will be issued. All winnings are subject to tax 0.5% of the Thai Government Lottery and 1% of the Charity Lottery.
The lottery generates four billion Baht a year for the Thai Red Cross, Charities, community projects, and scholarships, and keeps many people, often disabled, employed as ticket sellers.
GLO International Affiliation
The GLO is a member of the World Lottery Association (WLA) and of the Asia Pacific Lottery Association (APLA).
Lottery Drawings on the first and sixteenth of each month are televised on the National Broadcasting Service of Thailand
and Spring news
starting at 14:30 on spring news and 15:00 on NBT
also simulcast on Radio Thailand Domestic Service
, in 2016 the draw also simulcast on Thairath TV
starting from 14:00. Toward the end of the show before 16:00 the winning numbers are displayed. Results are posted on the Government Lottery Office Web Site.