Malaysia Increases The Number Of Lottery Draws

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March 10, 2022
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Malaysia Increases The Number Of Lottery Draws

In malaysia in 2021, up to 22 special draws per year will be allowed, which is more than twice as much as last year. They will be able to hold private gambling companies.

This decision was adopted by the governments of prime minister muhiddin yasin, despite the resistance of the opposition of the opposition of democratic action, which sought to reduce the number of drawings, arguing this by a decrease in harm from gambling.

In malaysia, gambling companies are allowed to carry out three draws a week, while special draws with higher prices were introduced in 1999 and provide higher tax rates.

Special draws were traditionally limited to 22 drawing per year until the administration shorten this number until 11 in 2019 and only up to eight in 2020.

Islam believees that gambling is prohibited, and the income from them is often called "a tax on sin", as well as taxes from alcohol and tobacco sales.

In 2012, the government of malaysia gathered 1.26 billion ringgitis (us $ 314.17 million) from the gambling industry, but in 2019 this amount increased to 4.5 billion rings (1.12 billion us dollars), reports straits times.

Source: ffocus asia pacific

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