Published
OnlineLotteryLegal & Regulatory

Taiwan increases lottery prizes to promote cloud receipts

The Taiwanese Government believes changes to the lottery will encourage people to ask for more cloud receipts. 

TaiwanPic

In Taiwan, cloud receipts amounted for 31.6% of all electronic receipts last yearaccording to the Ministry of Finance (MOF).  

The Ministry wants this figure to rise to 38% by the end of this year and feels this can be achieved by persuading lottery players.   

The MOF aims to do this by increasing the number of prizes for the July-August lottery and will make it exclusive to only cloud receipt holders. 

It will increase the number of NT$500 ($17.24) prizes and also introduce a brand-new NT$800 prize.  

Earlier this week, the Ministry amended the Uniform Invoice Award Regulations to increase prizes. The changes are set to begin as soon as the March-April lottery takes place. 

In late February, the Ministry announced its desire to increase prizes and that these would only be available to those who hold cloud receipts.  

The number of winners for the NT$1m prize will also double from 15 to 30, while winners for the NT$2,000 prize will rise by 1,000; bringing the total to 16,000. 

The increase of winners for the NT$500 is set to be made next; the prize is given out 600,000 times on a regular basis.


Asia News Sponsor
Premium+ Connections
Premium

RISK

 
Premium

Sport Generate

 
 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

1xBet Partners

 
Premium

Revsharks

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...