Lottery ticket prices fall to Bt75 as govt action kicks in
LOTTERY ticket prices came down to Bt75 per pair in many areas yesterday from the government's standard price of Bt80.
In Khon Kaen province, several lottery vendors lowered the ticket price to just Bt75 in a bid to clear their stock in time.
The lottery draw took place yesterday afternoon, and any unsold tickets could cut into vendors’ own pockets.
“I still had many lottery tickets on my shelves because I bought a higher volume of lottery tickets this time,” a vendor lamented late yesterday morning.
Speaking on condition of anonymity, she said, “The government move to control lottery prices in the market has significantly reduced my profit margin. [But], I hope to earn the same profit amount by relying on higher sales volume”.
Due to the government’s serious efforts, lottery overpricing has finally been reined in.
Speaking from Chiang Mai province, Phum Kitprasert said he was so happy about the government’s move. “I usually buy 4 to five tickets each time. With the lower price, I can now buy more tickets,” he said.
The Government Lottery Office’s board also altered the allocation of tickets to organisations, foundations, legal entities, small-scale vendors and people with disabilities. It will also introduce new prizes of three front-digit numbers from September, in place of cancelled jackpot prizes.
