Hong Kong Lottery – The Good and the Bad
Hong Kong lottery is an exciting form of gambling that has raised significant funds for charities and community projects. However, the game is not without its critics. Some naysayers claim that the massive prize money is giving people false hope and encouraging them to take up pathological gambling. John Tse Wing-ling, associate professor at the City University of Hong Kong’s Department of Applied Social Studies, said that lottery organizers should refrain from highlighting the size of the jackpot.
To play hongkong lottery, players choose six numbers from the pool of 1 to 49. In addition to selecting the numbers themselves, players can use a Smart Pick option that selects a random group of numbers for them. A machine then draws the winning numbers for each prize level. Winners receive a share of the total prize pool based on their units of investment.
The hongkong lottery has seven prize levels and a minimum first-prize prize of HK$8 million. Each unit investment is HK$10, with partial unit investments accepted for Multiple and Banker entries. The HK$10 fee includes the cost of an additional ‘Snowball’ number, which can increase the winner’s chances of winning the top prize by one in six.
The hongkong lottery is operated by the Hong Kong Jockey Club, a sports organization best known for horse racing in the region. The government allows it to operate the lottery alongside its primary business of betting on horses. The HKJC donated HK$1.52 billion to charity in the 2009-2010 financial year.