Vietlott earned $168.6 million revenue in 2017

Monday, Jan 22, 2018 16:00

People buy Vietlott lottery tickets. The company reported a revenue of VND3.8 trillion in 2017. — VNA/VNS Photo Nguyen Thang

Viet Nam Lottery Company (Vietlott) reported a revenue of more than VND3.8 trillion (US$168.6 million) in 2017, more than double the revenue in 2016.

The company paid more than VND1 trillion to the State budget, in which individual income taxes on jackpot winners were worth more than VND98 billion.

In 2017, there were 32 Vietlott jackpot winners, and the highest jackpot was VND131.9 billion.

The southern region was the company’s biggest market, with a revenue of nearly 2.9 trillion, or 75 per cent of its total revenue.

According to a draft report of the Southern Lottery Council, lottery revenue in the region (excluding that of Vietlott) reached VND70.5 trillion, up by 5.81 per cent over the previous year.

Vietlott provides three lottery products: Mega 6/45, Max 4D and Power 6/55.

The company has presence in 34 provinces and cities with nearly 2,000 lottery ticket machines.

Vietlott’s Jackpot 1 Power 6/55 is now worth more than VND262 billion - the highest ever. — VNS

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