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Thailand Approves Weekly Retirement Lottery for Savers

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The House has passed a bill introducing a weekly “retirement lottery” aimed at encouraging savings among Thais aged 15 and up. Tickets will cost 50 baht, with Friday draws offering five prizes of 1 million baht and 10,000 second prizes. Winnings go to PromptPay accounts, while non-winning ticket money is saved and returned with interest at age 60. Older buyers get funds back after five years. Purchases are capped at 3,000 baht/month to ensure fairness. The scheme, part of the National Savings Fund, is expected to launch in late 2025.

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