Lottery is not an investment, but just a thrill. Buying lottery is a small joy for working people who like to take risks or for fun and excitement every 1st and 16th of the month because taking risks and dreaming about the prize money is another inspiration for working people.
“Someone said that poor people play the lottery and rich people play the stock market.”
In fact, whether poor or rich, everyone plays the lottery. However, there are still many people who misunderstand or pretend to misunderstand that the lottery is an investment. In buying a lottery or government lottery, the probability of winning the prize, let me give an example to illustrate, such as:
- The last 2 digits have a chance of winning the prize of 1 in 100 or 1%.
- The last 3 digits have a chance of winning the prize of 1 in 1,000 or 0.4%.
- 1st prize The chance of winning is 1 in 1,000,000 or 0.0001%.
If we still think that buying lottery tickets or government lottery tickets is an investment, we have to change our mind. Because from the statistics mentioned, it can be clearly seen that the chance of winning the lottery is very low. Therefore, if anyone buys lottery tickets every draw, the chance of not winning is very high. The principal money used to buy lottery tickets each draw, if not won, will be lost immediately. Which if we consider the details in detail, we will find that before winning the lottery, we have to go through losing a lot of money buying lottery tickets, which is not worth it at all.
For buying lottery tickets or government lottery tickets, in addition to the excitement, it is also considered another channel to help the government generate income to drive the economy and society. Because for lottery tickets or government lottery tickets, 80 baht per ticket, it is mainly divided into 60% as prize money and 23% per ticket or approximately 18.40 baht will be deducted and sent as national income. And there are other incomes from the interest of the prize money and government lottery prize money that has expired for 2 years but no one has come to receive it.
Recently, the Government Lottery Office has sent revenue for the government to use in national administration and development. In the latest year 2021, the Government Lottery Office was able to send revenue to the government of approximately 50 billion baht.
Conclusion
Whether we choose to buy lottery tickets or not is our own right and belief. I believe that this information should help lottery players stop and think a little bit whether it is really worth investing or not?
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Lottery is not an investment | The Practical Money
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