+
Friday, May 11, 1973
MORE MONEY FOR LOFTERY WINNERS
Winners of the 1973 Government Lotteries will get more money
this year,
A new prize structure has been adopted to encourage more
people to buy lottery tickets.
The Chairman of the Government Lotteries Management Committee,
Mr. Chau Kaiyin announced today that under the new system, the first
prize will amount to 40 percent of the total income, 10 per cent higher
than that of last year.
"This means that if one million tickets are sold, the winner
will get $800,000, or $200,000 more than last year," he said.
There will be one second prize of 10 per cent of the total
amount, compared with last year's two per cent. On the sale of one
million tickets, this winner would get $200,000.
There will be five third prizes with each winner getting one percent
of the total receipta.
In addition, 50 tickets will be drawn for special prizes, Each
winner will get 0.1 per cent of the total income or $2,000, assuming again
that one million tickets are sold.
"The ratio between prize value and proceeds to the Lottery Fund
will remain unchanged," Mr. Chau said, "sixty per cent prizes and 40 per cent
for proceeds.
/Tickets