Lao Development Lottery State Enterprise has announced it will offer a football lottery service this month giving the opportunity for gamblers to legally forecast and bet on winners of soccer matches.
Football matches of all the famous leagues across the globe, even the upcoming world cup, will be included in the new online gambling system.
The gambling site is set to be opened everyday as long as there are football matches available to bet on.
The football lottery is now advertised on the state enterprise's website.
An employee of the enterprise who is in charge of providing information said the enterprise expects to start the gambling service in the middle of this month.
The employee said that various forms of betting will be available including predicting the result of a single match or many matches within a grou p.
“Winnings will relate to each type of bet,” the official said.
The enterprise is preparing 20 branches in the capital to offer the new service, but there will be no such offices in the provinces.
Gamblers are required to set up an online account with the enterprise to enable them to perform online gambling.
Those winning a bet will receive money through the account, while losers will have their available balance decreased after paying online.
If opened for service, the soccer lottery will be the first legal gambling for soccer matches in Laos after years of reports emerging that underground gambling on football matches has been taking place illegally with large amounts of money wagered.
It is still unclear about the ceiling of each wager as senior officials of the enterprise could not be reached for immediate comment.
The football lottery will be a new service of the Lao Development Lottery State Enterprise in addition to the many services it is offering at present.
According to their website the enterprise is also offering a five digit lottery, write lottery, digital lottery, and animal lottery.