Hanoi Lottery is an integral part of Vietnamese culture and plays an essential role in raising funds for social causes and infrastructure development, while providing jobs. But like any form of gambling, Hanoi Lotto may come with its own dark side. Players should play responsibly using licensed agents or platforms in order to increase their chances of winning big!
Vietnam has had a lottery for two centuries. Introduced during King Le Hien Tong’s rule as an effective fundraising technique, so de (Vietnamese for “lottery”) is a number-based game in which numbers are read aloud against a grid and winners receive their jackpot if their predictions match up correctly. Now run by state-owned companies with exclusive monopoly rights over ticket sales and distribution.
Lotteries tend to be dull affairs. Women in dull grey pants suits spin rickety green cages to display the results, while barefoot young men chain smoke and look down at numbers they have written down on their palms. Pham Quang Huy, 13, stands out among these lotteries by providing quick information for his customers who pay him in return. He knows what it takes and won’t hesitate to get it for them quickly.
As Vietnam’s Covid pandemic progressed, traditional lottery companies struggled to meet their turnover and post-tax profit targets. Hau Giang Lottery Company saw revenues decline 19% year-on-year while profit fell 27%; Long An Lottery Company failed to reach their revenue and profit goals either. Although things have improved since lifting of lockdown restrictions, these firms still face challenges in the near future.
lottery companies have used numerous strategies to maximize profits, such as offering multiple types of lottery products and increasing prize pools. Some even started selling new types of tickets such as Lotto Jackpot which offers higher jackpots but isn’t available nationwide.
Not only have high prizes contributed to lottery company profits dropping; other factors have also played a part in its decline, including increased competition from other forms of gambling and an increase in taxes on lottery winnings by government authorities. People are increasingly turning to online lottery games such as Hanoi Lotto as they look for alternative forms of participation.
Vietnamese lottery ticket sellers face serious exploitation from lottery ticket salespeople. Children as young as 10 can often be found selling lottery tickets, while some mothers have carried their children around selling tickets for over ten years. Lottery ticket sellers make daily profits of about VND1,100 from selling lottery tickets – enough for basic meals and rent. Unfortunately, they are unprotected by law or given any guarantees about their futures.
The lottery represents an unprecedented experiment in a developing country, and its participants should have an opportunity to understand that they are part of it. Psychological experiments refer to this as debriefing; researchers should see it as their moral responsibility to equip their subjects with tools necessary for informed choices.