Lottery operators bump up jackpots amidst competition

Traditional lottery operators in Vietnam have officially raised their top prizes in an effort to compete with the emerging American-style jackpot, VNexpress reports.

Effective January 1, the lottery firms increased their top prizes to VND 2 billion (US$86,000), up 33.3 percent.

The amount was previously capped at VND 1.5 billion.

The decision to hike up jackpots was reportedly made in October last year by the Southern Lottery Council, after lottery companies complained the American-style mega jackpots have been eating into their business.