Vietnam: The rate of paying prizes for each type of lottery

According to Article 9 of Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, the rate of paying prizes for each type of lottery is prescribed as follows:

- For the conventional lottery: the rate of paying prizes is elaborated for each issuance time not more than 50% over total value of the issued lottery tickets;

- For the scratching lottery for instant result and the tearing lottery for instant result: the rate of paying prizes is elaborated for each issuance time not more than 55% over total value of the issued lottery tickets;

- For the handwork bingo lottery: the rate of paying prizes is elaborated not more than 60% over total value of the lottery tickets expected for issuance.

In which:

- Conventional lottery: conventional lottery with 5 numbers and conventional lottery with 6 numbers;

- Handwork bingo lottery: bingo lottery with self-selecting 2 numbers; bingo lottery with self-selecting 3 numbers; bingo lottery with self-selecting 4 numbers; bingo lottery with self-selecting 2 double numbers; bingo lottery with self-selecting 3 double numbers; bingo lottery with self-selecting 4 double numbers;

- Lottery for instant result: the tearing lottery for instant result; the scratching lottery for instant result;

The structure of prizes is prescribed as follows:

- The organizations issuing lottery tickets may decide quantity of prize ranks, structure of each prize in total value of prizes in conformity with the rate of paying prizes as prescribed and agreed by the regional lottery Council;

- Value of prizes paying to customers is defined according to methods of paying the fixed prizes, including:

+ Prizes have been fixed before by the defined amounts;

+ Prizes have been fixed before by a number of times (calculated according to the method of arithmetically multiplying) in comparison with the amounts that customers used to participate in winning prizes;

- If the Ministry of Finance provided for the rate of value of special prize on total value of prizes, organizations issuing lottery tickets must arrange the value of the special prize in the structure of prizes as prescribed by the Ministry of Finance.

View relevant provisions at Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from October 01, 2013.

Thu Ba

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