Vietlott launches jackpot lottery in Hanoi

Vietnam Lottery Company (Vietlott) has launched its Mega 6/45 lottery, a Lotto-style game with a minimum jackpot of VND12 billion (US$545,000) on Monday, local media reports.

Mega 6/45 lottery is a product developed by Berjaya Gia Thinh, a joint venture between Vietlott and Malaysia’s Berjaya Corporation Berhad, which is 51 percent owned by Berjaya Lottery Vietnam Ltd.

“We will start distributing Mega tickets in Hanoi from December 5 and the estimated number of betting terminals will be at around 150,” a representative from Vietlott told Vietnam Economic Times.

Deputy CEO of Vietlott, Nguyen Thanh Dam, said the company has been trying to sign contracts with their agents to ensure they sell tickets at VND10,000 per ticket.

In November, Vietlott was accused of overcharging for its lottery tickets, and for illegally printing out numbers in advance and selling them at unregistered locations as a tactic to boost sales.

It was reported that the retailer sold preprinted numbers for VND12,000 (US$0.54), higher than the official price of VND10,000.

In related news, the lottery provider on Monday reported its total revenue had reached the milestone of VND1 trillion (US$44 million) since its launch on July 18, 2016.