State Lottery: Increase of prize and claiming prize without restrictions

The Internal Revenue Department Ministry of Planning and Finance issued an announcement that the State Lottery Branch of the Internal Revenue Department sells the lottery tickets for the public monthly and the lottery winners are announced the every first day of the month. The government takes 40 per cent of lottery ticket sales, and 60pc is put into the prize pool.

Although there are some restrictions regarding the withdrawing of lottery prize money, the government grants up to 50 million Kyats prize money in a lump-sum while other prizes are issued in accordance with the regulations. In order to distribute more lottery tickets and facilitate the claiming of prize money, the lottery prize will be increased to 70pc of total ticket sales and all the prize money can be claimed without any restrictions starting the 30th Aungbalay Lottery to be conducted on 1st September, 2021.