YANGON, March 4 (Xinhua) -- The Internal Revenue Department of Myanmar began selling tickets to state lottery of 1 billion kyat(about 736,919 U.S.dollars) jackpot, which has attracted people' interest in the state lottery, according to market survey Saturday.
Not only the jackpot prize jumped from current one of 150 million kyat to 1 billion kyat but also the per ticket value jumped from 200 kyat to 500 kyat.
A lottery ticket sale-person said that 99 percent of the customers were interested in 500 kyat ticket.
The Internal Revenue Department is planning to issue and sell more tickets till March 24 to meet the demand. The 40 percent of the earning will go to government tax, said Daw Khin Myint Oo, assistant director of the department, told Xinhua.
The second prize of 500 kyat ticket will worth K500 million, while that of the third prize is 100 million kyat. Other prizes are in 10 million kyat, 5 million kyat and 1 million kyat.
U Myint Swe, a resident in Yangon, said that he did not have interest in the state lottery before the issuing of 500 kyat ticket as the prior prize was not enough to improve his life, comparing the living cost nowadays.
The government has expected to collect 30,000 million kyats tax from state lottery in this fiscal year 2016-2017.
