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Laos Lottery hanoi
The state-run lottery enterprise is facing a revenue shortfall, partly due to illegal sales of foreign-based lotteries. The ministry says people are buying lotteries from Vietnam, Thailand and Cambodia, which is sold in Laos despite the fact that it’s against the law. The minister said that the illegal lotteries have decreased lottery enterprise revenues by threefold to about 20 billion kip per month.
While the government has a policy in place to limit its involvement in gaming, it is difficult to monitor activity that takes place online. The minister acknowledged that a committee has been set up to tackle the issue, but said investment was needed to develop a system for tracing those involved in the practice.
Lottery winners are allowed to keep their identities private except for some cases of terrorism, money laundering and fraud. However, some states have laws that prohibit winners from revealing their names in the media. Oregon has some of the most strict rules regarding the disclosure of winners.
It is important to note that lottery winnings are taxable in most states, including Canada. It is also important to remember that the CRA does not tax lottery winnings unless they are above the threshold of $50,000 or more. If you are over the threshold, be sure to consult with a tax professional.
In addition to the usual questions about the legitimacy of the lottery, Laos residents have raised concerns over what they call shenanigans involving the numbers that appear in the drawings. Drawings for the national lottery, which take place thrice weekly, have shown numbers that aren’t on purchased tickets or that are deemed unlucky by the community. For example, the number 67 has appeared in winning numbers for three consecutive weeks, raising suspicions that the lottery is being rigged. A finance ministry official serving on the committee that oversees the lottery told RFA that blocking certain numbers or not selling them was outside of his purview. However, he said that the committee double checks the lottery balls to ensure that they are the same weight. This helps to prevent shenanigans that might otherwise lead to a loss of faith in the lottery. This is not the first time the lottery has come under scrutiny in the communist nation.