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Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

Published

6 years ago

April 23, 2019

Niji Narayan

Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

Reading Time: < 1 minute

The Ministry of Finance of Russia has proposed to prohibit the sale of tickets of instant lotteries on the Internet. Currently, Russia only allows state lotteries organised by the Ministry of Finance and the Ministry of sports.

Instant or draw lottery is a lottery in which winning or losing is incorporated in the ticket immediately, but her party will be able to know the result only after a purchase. As follows from the bill of the Ministry of Finance, under the guise of such lotteries in the network is often arranged illegal gambling.

In addition, the Agency proposed to limit the maximum size of the prize Fund of each lottery 70% of its revenue. Also clarifies that targeted deductions from lotteries should go to the Federal budget.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.