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In a country like Laos, where gambling is illegal, the lottery provides a much needed source of income. Many people earn a living by selling tickets at the edge of the street or in front of their homes. This woman sells lotto tickets in front of her house and is a regular customer of the local Lottery shop.
The winner of the Oregon Lottery’s Powerball jackpot recently became a member of Portland’s large Iu Mien community, which includes a Buddhist temple, Baptist church and social organizations. The winner’s prize is reported to be $1.3 billion, but that total is paid out over 30 years, not one lump sum. The winner will likely need help from financial advisors to manage the enormous amount of money.
While the government is responsible for overseeing the national lottery, it has ceded a significant portion of its authority to private business interests. Companies that conduct the lottery are not required to disclose how much they pay the state for its license and are allowed to hire employees with little training. These companies also make substantial profits by charging premiums on base lottery prices.
In recent times, the lottery has become an increasingly important source of revenue for the Laos government. However, there are concerns that the industry is not being properly regulated. In addition, some local businesses are using the lottery to boost sales and profits, which is not in the best interest of the public.
A source close to the Lottery Department told RFA that business interests with a stake in the lottery include relatives of some of the country’s ruling elite. The sources said the government should resume its control of the lottery, and that it should be 100 percent managed by the government. They also said the public should be informed of how much these businesses are paying the government annually to operate the lottery. However, the government has not disclosed this information to the public. This raises the question of whether this practice is legal. A spokesman for the Ministry of Finance did not immediately respond to requests from RFA seeking comment on the matter. The government has also not disclosed how much the state has earned from its own lottery games. Currently, the government only earns about 20 billion kip per week from these games.