Thailand’s official national Thai Lottery VIP (Thai salak kin baeng) is administered by The Government Thai Lottery VIP Office (GLO) The Thai Lottery VIP is drawn on the first and the sixteenth of each month. It is one of only two forms of legal gambling permitted in Thai Lottery VIP, the other life form horse racing in Bangkok.
Thai Lottery VIP
The Thai Lottery VIP in Thailand is hugely popular in spite of the low odds of winning and the unfavorable payment ratio. The payout ratio for the Thai Lottery VIP is 60%, as compared with universal averages of 74% for bingo, 81% for horse racing, 89% for slit equipment, and 98% in blackjack (basic rules). It is the majority popular legal form of Thai Lottery VIP in Thailand.
About 19.2 of 67 million Thais played the government Thai Lottery VIP lottery, spending 76 billion baht (US$2.3 billion) in 2014, according to the Family system basics Secretary Wing Chair Boonpracha. Unlike in the majority countries, anywhere the government licenses and monitors the Thai Lottery VIP business, the Thai GLO itself prints and sells the tickets to wholesalers. The severe laws that forbid additional gambling activities results in the GLO theft 28% of lottery profits for state use.