Cricket Betting News
National Lottery of Hong Kong Mark Six Lottery
National Lottery of Hong Kong Mark Six Lottery
May 24, 2021 Authorbaji88
The Hong Kong Mark Six Lottery is managed and organised by the Hong Kong Jockey Club;
however, it has little to do with horse racing; instead, it is a game of chance based on
numbers, similar to other lottery draws worldwide. Like many other traditional lottery games
worldwide, this Asia National Lottery game allows players to match six numbers out of a
possible 49.
The Hong Kong Jockey Club introduced the Hong Kong Mark Six lottery in
1975, and it has grown in popularity ever since. The Hong Kong Mark Six Lottery allowed
players to select six numbers from fourteen options when it first launched, and draws were
held once a week. Since then, the Asia National Lottery has expanded to the point that it
now holds three lottery draws every week.
The Hong Kong Mark Six Lottery raises funds
for charitable organisations and pays taxes to the government. This ranked the famous Asia
Lottery alongside a slew of other international lotteries.
The Hong Kong Mark Six
Lottery funds are divided into four categories:
- Lottery Duty – a 25% tax paid to the government.
- Lotteries Fund – 15% of proceeds go to community social care programmes.
- Commission – 6 % charged to cover the Hong Kong Jockey Club's running costs
- Prize Money – The sum of prize money that is returned to the public – 54%
The Hong Kong Mark Six Lottery prize fund is 9% higher than the UK Lotto prize fund, which is perhaps unsurprising given that the Hong Kong Jockey Club runs the lottery. The club has been involved in gambling in the country since 1846 when the first race meeting was held in Happy Valley, which is practically the only flat land in the country.
Since then, the Jockey Club has grown in popularity, adding a popular lottery and regulated football betting to their repertoire.