So apparently, the AEC is trying to nail the Thaksin government regarding the two and three digit lotteries again. To this day, I have yet to hear where exactly did every single baht of the lottery money go. This has never been made clear…in fact, it seems the lottery money simply goes to ‘expenses’.
Each ticket costs 100 baht, which is actually quite pricey for a lottery ticket. Then if you happen to win, you get paid 1M baht. That might seem like a lot, but to put it into perspective, the California Lottery tickets cost $1 (about 32 baht) and if you happen to win, the payoff is a minimum 3M USD (about 96M baht). So you pay for a ticket stub half the price but get paid out at least 96 times more. Did I forget to mention that the CA Lottery money is very clear cut as to where the money goes, adn that only a fraction of the money is actually paid out to winners? Hmmm!
What this says to me is, the lottery generates a ton of revenue, pays out a pittance to the winner, and the 99.9% that is leftover from the lottery ticket sales just simply disappears into thin air. Unfortunately politician’s heads are full of plenty of air, so the money mysteriously gravitates to them for some strange reason.
