Burmese lottery

Aungbazay (Burmese: အောင်ဘာစေ; also spelt Aung Bar Zay, lit. "may you win") is Myanmar's official state lottery. The monthly lottery is administered by the Ministry of Finance's State Lottery Department.[1][2] Lottery tickets are printed at a printing plant in Wazi, Magwe Region, at the same location where Burmese kyat notes and passports are printed.[3][4]

Myanmar lottery tickets showing front and back sides.
State Lottery Directorate

The first Burmese lottery was introduced during the Konbaung Dynasty. A national state lottery was first established in 1878 during the reign of King Thibaw Min, in an attempt to raise state revenues.[5] The lottery was the brainchild of Pho Hlaing, who had played the French lottery in Paris.[5] Following ongoing issues with the administration of the lottery, including conflicts of interest, decreased revenues, condemnation against gambling by Buddhist monks, the lottery was ended in 1880.[5]

The current lottery was first introduced in 1938 under British rule, and is the only legal form of gambling in the country.[2] Revenues from lottery ticket sales generates US$28.8 million per year for the Burmese government, and over 30 million tickets are sold a month for the monthly drawing.[2]

References

  1. "Against the odds". The Economist. 8 October 2012. Archived from the original on 20 July 2015. Retrieved 17 July 2015.
  2. Noe Noe Aung (15 July 2014). "The big pay-off: demystifying the state lottery". Myanmar Times. Archived from the original on 20 July 2015. Retrieved 17 July 2015.
  3. Guyitt, Wade (14 July 2014). "Background check: Myanmar's banking history". Myanmar Times. Archived from the original on 20 July 2015. Retrieved 17 July 2015.
  4. Roughneen, Simon (4 September 2013). "Days Not Numbered for Burma's Lottery, Chief Says". The Irrawaddy. Archived from the original on 20 July 2015. Retrieved 17 July 2015.
  5. Thant Myint-U (2001). The Making of Modern Burma. Cambridge University Press. p. 166. ISBN 9780521799140.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.