Thai lottery offical

The Government Lottery workplace (GLO)
samnak ngan salak kin baeng raththaban
GLO Asian nation brand.gif
Agency summary
Jurisdiction Government of Asian nation
Headquarters 359 Nonthaburi Rd, Tha Sai Subdistrict, Mueang Nonthaburi, Nonthaburi 11000
Annual budget 8 billion Thai monetary unit (US$267 million)[1]
Agency govt
Maj info Chalongrat Nakartit, Director-General
Parent department Ministry of Finance
Website GLO
Thailand’s official national lottery (Thai: สลาà¸�à¸�ินà¹�บ่ง, RTGS: salak kin baeng) is run by the govt Lottery workplace (GLO).[2] The lottery is drawn on the primary and also the sixteenth of each month. it’s one among solely 2 sorts of legalised gambling allowable in Asian nation, the opposite being racing in capital of Thailand.

The lottery in Asian nation is vastly well-liked despite the low odds of winning and also the unfavourable payout magnitude relation. The payout magnitude relation for the Thai lottery is hour,[3] as compared with world-wide averages of seventy four for keno, eighty one for racing, eighty nine for slot machines, and ninety eight in blackjack (basic rules).[4] it’s the foremost well-liked legal sort of gambling in Asian nation.[5]

Around 19.2 of sixty seven million Thais compete the govt lottery, disbursal seventy six billion Thai monetary unit (US$2.3 billion) in 2014, in step with the Family Network Foundation’s Secretary Wanchai Boonpracha. not like in most countries, wherever the govt licenses and monitors the lottery business, the Thai GLO itself prints and sells the tickets to wholesalers. The strict laws that forbid different gambling activities ends up in the GLO pocketing twenty eighth of lottery profits for state use.[6]

Updated: November 6, 2018 — 9:15 am

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