Lotteries are games of chance in which numbers are drawn to determine the winner of a prize. Some lotteries are run by state governments, while others are operated by private companies. The prizes for a lottery can be small or large. In some cases, the top prize is equal to the national gross domestic product (GDP) in one year. The largest lotteries are the EuroMillions and the Spanish Christmas Lottery, both of which have jackpots that exceed EUR2.4 billion. The smallest lotteries offer smaller prizes.
Lottery winnings are subject to income tax, which is levied at a rate of 10% for amounts exceeding VND 10 million. This tax is withheld at the source, meaning that the entity awarding the lottery prize will deduct it from the winnings before distributing them to the winner. In addition to the tax, lottery winners may also be required to pay other fees, such as transaction and withdrawal fees, which should be outlined clearly on the lottery website.
Online lottery games are a popular way to play in Vietnam, and the country’s internet penetration is increasing rapidly. Players can purchase tickets online through the websites of major operators. These sites provide a variety of payment methods, including credit and debit cards from international banks. In addition, these sites offer a variety of other games, such as poker and sports betting.
Despite the fact that Decree 03/2017/ND-CP defines gambling as prohibited in the country, there are plenty of online lottery providers operating worldwide that accept players from Vietnam. The majority of these sites also offer a wide range of online lottery promotions for players from the country.
However, it’s important to remember that the online lottery market is regulated differently in different jurisdictions. It’s therefore important to choose a reputable lottery site that offers a secure environment and complies with local laws.
The National Lottery in Spain, known as the Loterias y Apuestas del Estado, is the oldest and most popular of the country’s lotteries. Its jackpot averages about EUR2.4 billion, making it one of the biggest in the world. In addition, the lottery is the only one in Europe that holds a single drawing for all its jackpots, with up to 180 winning tickets awarded a share of the total prize pool.
Charles Zuckerman, a linguistic anthropologist and Lao studies scholar, will discuss the social, moral, and political history of the national lottery since 1975. He will trace its development as an economic activity that is consistent with socialist goals and discuss the many things that playing the lottery, choosing numbers, and winning mean for people on the ground. The talk will be followed by a question-and-answer period with the audience. This event is free and open to the public.