The Vietnam Lottery is a monthly lottery game, with an estimated prize fund of more than $70 million. Millions are spent each month on the draw! This makes Vietnam the world’s largest lottery producer and the third-most popular lottery game in the world. It is also a legal gambling activity in Vietnam.
There are many different lottery games available in Vietnam, with multiple chances to play a daily Keno or other traditional lotteries! All Vietnamese lottery games are controlled by the Vietnam Lottery Corporation, an entity belonging to the Ministry of Finance, which offers point-of-sale licenses to officially licensed lottery retailers throughout the country. These licensed retailers are supervised by an organization called the Vietnam Lottery Promotion Foundation (OVLF). OVLF administers a system of quality control, giving the public an assured system for lottery gaming and sales. The foundation also sets up training programs for selected officials of the Ministry of Finance and other lottery-related organizations.
Once a person wins a lottery game, he receives a ticket. In most cases, there is only one winner per draw and the jackpot prize is larger than usual prizes. Vietnam Lottery Prizes is paid to the winner directly by the gambling establishment, although they can also be given to the person who bought the ticket. A percentage of the ticket prices is kept by the lottery producer or the Ministry of Finance. The rest is given to the owner of the ticket.
The actual process of winning the lottery is a little complex. Before the draw, all drawings must be advertised in order for people to know about them. At least two weeks before the draw, tickets must be sold at an established venue. Lottery results are released to the public on the day of the draw. People who bought a lottery ticket but did not win can buy another one and continue to do so until the next draw.
Because of its large size, Vietnam lotto boasts a prize fund that is bigger than the rest of Asia’s lotto pools combined. The amount of money that can be won in a single lotto game is impossible to fathom. With a prize of more than two billion vnd, Vietnam is home to one of the biggest prize fund in the world. That is why the country has become an increasingly popular tourist destination for millionaire gamblers. Every year, thousands of millionaires visit Vietnam to take part in the enormous national lotto festivities.
A person needs a minimum of sixty dollars as an entry fee in order to get a ticket. Another twenty-five dollars will grant the holder of the ticket free play. Another five dollars will entitle the holder of the ticket to a cash prize. The remaining amount, the prize money, will be given to the National Lottery Commission for distribution. These are just some of the prizes that come along with every ticket sold. With the prize money, the commission earns twenty-five percent of the total prize money.
Unlike in other countries, in Vietnam there is no ceiling on the number of digits that can be used for selecting numbers for a lottery game. The lucky owner of a Vietnam lottery ticket only needs to pick from the number list that is posted in the office of the National Lottery Commission. If more than one digit is required, the owner is required to buy an additional ticket. That way, he will have a comforting prize beyond the one-digit number selected. The lucky owner will be able to purchase a ticket with more digits ranging from ten to two billion vnd. xsla
In addition to the two-digit prize and the comforting prize of cash, ticket buyers in Vietnam can also buy additional tickets in this country ranging from one to seven digits. Other prizes for ticket buyers in Vietnam may include items such as electronics, cars and furniture. There is also a jackpot prize in place for those winning jackpot-sized ticket prices. Those ticket buyers who buy more than one ticket in this country are entitled to free hotel accommodations. All these kinds of ticket prizes are in place in order to keep the Vietnam lottery business lively.