Thai Lottery Result Today 16-03-2024 – Thailand Lottery Tips March 16, 2567. Thai Lottery Results to be Declared Today at 12:15 PM at 16-03-2024 According to the National time zone of Saudi Arabia. The Live Draw of Thailand Lotto / National Lottery Will be Began From 12.00 PM to 12.30 PM. Here We are Comes Up to Give the Full Details of GLO Thailand Lottery. Thai Lottery or Thailand Lottery is One Of Only Two Forms of Legalized Gambling Permitted in Thailand, the Other Being Horse Racing in Bangkok.
Thailand Lottery Vip Tips for 16th March 2024
GLO Thai Government Lottery Draw Date:
Thai Lottery is drawn on the first and the sixteenth of every month. Around 19.2 of 67 million Thai people played the Thailand Government lottery, spending 76 billion baht (US$2.3 billion). The formula for winning the Thai lottery is so simple that any Thai lottery player can easily get accurate and valuable numbers for the next draw and the lucky number.
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The Process of Checking Thailand Lottery Result:
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Thai Government Lottery:
Thailand’s lottery is one of only two forms of legalised gambling permitted in Thailand, the other being horse racing. The payout ratio for the Thai lottery is 60%, as compared with world-wide averages of 74% for bingo, 81% for horse racing, 89% for slot machines, and 98% in blackjack (basic rules). 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.
Economics History of GLO Lottery:
Until October 2015, lottery tickets were bought and sold in a multi-tiered market. The GLO sold lottery tickets to national wholesalers, commonly referred to as “brokers”, then sold on to the nation’s 14,760 registered retail vendors.
In September 2015 the government announced a new paradigm for the sale of lottery tickets. Direct purchase is available only through Krung Thai Bank. Results show that of 74 million lottery tickets printed for the bi-weekly lottery, 22.74 million or 30.7% of them were allotted to 10 organisations.
The GLO Foundation is the biggest recipient, having a fixed quota of 9,213,500 tickets. In May 2015 the GLO board adjusted the lottery price structure under which 60% of the revenue earned by the GLO is allocated for prize money. Retail agents will receive a quota of five books of lottery tickets at a cost of 70.40 baht per book.
How Buying a Thailand Lottery Ticket:
Lottery tickets are sold to national wholesalers who then sell them on to local retailers. Official retail price for a single ticket is 40 baht, but lottery tickets can only be purchased in ticket pairs. Unpopular numbers are cheaper while lucky Buddhist number combinations cost more. Since last summer’s lottery reforms, it has been illegal to inflate ticker-pair prices above the 80 bahT threshold.
Types of Lottery Tickets:
There are two types of Thai lottery tickets. The first is the Thai Government Lottery (TGL) ticket. The second, the Thai Charity Lottery, is printed at the upper left of each ticket. TGL tickets have a first prize of six million baht, a bonus prize of 30 million*, and are taxed at 0.5%. Bonus prize eliminated by the military government after 1 Aug 2015. TCL tickets have a first prize of three million baht, a bonus prize of 22 million*, and are taxed at 1%.
Draw Methodology of Thailand Lotto:
Thai Government Lottery GLO draw is held at GLO headquarters on the first and sixteenth of every month. Drawings are televised from 15:00 to 16:00 on the day of the draw. Ten “guests” unaffiliated with the lottery attend each drawing to act as official witnesses.
Prizes Distribution of Thai Lotto:
The first prize for all six correct numbers is 2 million baht (TGL) or 3 million baht (TCL) per ticket. The first prize for all six correct numbers is 2 million baht (TGL), which is increased as tickets are sold in pairs. Doubling applies to all prizes except for the 22 million and 30 million baht bonus prizes. In 2016 the draw was televised on National Broadcasting Services of Thailand and Spring News and 15:00 – 16:00 on Radio Thailand Domestic Service.
|First prize (1st)
|Second Prize (2nd)
|Third Prize (3rd)
|Fourth Prize (4th)
|More Prizes Detail
|16th 3- Digits: Draw 166 Times
|Last 3-Digits: Draw 166 Times
|2- Digits: Draw 16 Times
Claiming a prize
Prizes of less than 20,000 baht are paid in cash by a lottery retail vendor. Winning ticket holder must be present in person at the government lottery office in Nonthaburi where a cheque will be issued. All winnings are subject to tax: 0.50% on the Government Lottery and 1% on Thai Charity Lottery.
Distribution of revenues
According to the act creating the GLO, the proceeds received by the Government Lottery Office from the sale of lottery tickets shall be allocated as follows: The lottery generates four billion baht a year for the Thai Red Cross, charities, community projects, and scholarships. not less than 28% as state revenue.
Important Questions about Thai Lottery Draw:
Can foreigners play Thai lottery?
****** Yes, Anyone may play and win the state lottery in Thailand.
How can I play government lottery in Thailand?
****** Draw a two-digit number for the Thai Government Lottery bonus prize of 30 million baht*.
Is the lottery a gambling?
****** A lottery is a form of gambling that involves the drawing of numbers at random for a prize.