Playing lottery online is fast and easy. Unlike in the past where enthusiastic lottery players would spend thousands to travel overseas to buy tickets, today you can do it from your couch! It’s also a lot safer. Gone are the days when your winning ticket could get lost in transit or even misplaced. With Giant Lottos, all your tickets are kept safely in your account. If you win a jackpot, our team will navigate the legal consequences and financial arrangements on your behalf.
The International Lottery Foundation (ILLF) is a non-profit organization based in Liechtenstein that operates Internet lotteries. It pioneered Internet gaming, launching the first lottery website in 1995 and processing the first online gambling transaction ever. ILLF lotteries generate revenue to support charitable projects and organizations domestically and internationally. The ILLF has several brands, including PLUS Lotto and the InternetLottery. The ILLF’s websites are regulated by the Liechtenstein government.
In addition to operating the InternetLottery brand, ILLF owns and manages three casinos in the country. It is a member of the World Lottery Association and its subsidiary the Global Lottery Alliance. The ILLF’s casino business is not a major source of revenue for the company, however. During the 1990s, ILF’s profits from its casinos were a significant factor in the company’s financial stability.
Currently, the state lottery enterprise only earns 20 billion kip per month in revenue from its legal sales, which are overseen by the Ministry of Finance. But the government says it needs to address illegal lotteries, which are generating much more revenue than the legal state lottery. The state is now going to reduce drawing times from two to one a week and end the scratch lottery, which requires buyers to scratch off the ticket to see the number. The government will also work with the police to crack down on informal football lotteries and lottery chances sold via short messaging services.
Laos is a small country that borders its largest neighbor, Thailand. It is a poor, mountainous country with a low literacy rate. Many residents earn a living through agriculture and logging, but the communist government discourages entrepreneurship. Amid the sluggish economy, some have turned to gambling as an alternative source of income. But the state lottery is not a big source of revenue, with only about 2% of the population participating.
During the Vietnam War, the CIA and US military recruited members of the Iu Mien ethnic group in Laos to participate in guerrilla warfare and disrupt the Ho Chi Minh Trail that North Vietnamese troops used to supply arms and soldiers to South Vietnam. A lottery winner from this group, Cheng Saephan, won a $1.3 billion Powerball prize in Oregon earlier this year. He said the lottery money changed his life. His win has raised awareness of the Iu Mien people, who are descendants of Chinese who migrated to Laos, then Thailand, and settled in the United States after the Vietnam War.