Mifal HaPayis

Mifal HaPayis is the national lottery of Israel. Most gambling is illegal in Israel. The only bodies licensed to provide betting services are Mifal HaPayis^[1] and The Israeli Sports Betting Council. In 2012, Mifal HaPayis's annual revenue was estimated at ₪5,000,000,000 a year.^[2]

History

Mifal HaPayis headquarters, Tel Aviv

Eilat Sports Center Built by funding of Mifal HaPayis

Mifal HaPayis was established in August 1951 to recruit funding for the construction of a hospital in Tel Aviv. At first, the project's profits were used only for healthcare applications. Later on, when Mifal HaPayis became a national lottery organization, its support was extended to projects in the fields of education, recreation, and the arts.

Mifal HaPayis supports the establishment of children's clinics, hospitals, sport halls, study rooms and school buildings, youth activity and adult education centers, culture halls, the performing arts, and public parks.

In 2007, lottery revenues were ₪3,848,000,000, of which ₪2,400,000,000 were granted as prizes and ₪1,100,000,000 used for various public projects.^[3]

Before 2012, 46% of the profits or 10% of revenues, whichever is higher, was invested in building classrooms and day-care centers. Another 46% was distributed to local authorities, and 7.5% to other projects. A new licensing agreement grants the Ministry of Finance broad oversight and an authority will be established to supervise all legal gambling in Israel. Mifal HaPayis will be required to publish criteria for allocating funding.^[2]

Games

Mifal HaPayis Zuta lottery ticket (1976)

The Lottery – a weekly game where the participant chooses 6 numbers out of 37 and an additional one number out of 7. Mifal HaPayis draws 6 numbers of 37 and 1 number of 7, and the maximum prize is paid for matching all of them. Various options allow the user to bet double, play random numbers, 5 numbers plus a random number, or all combinations of 7–12 numbers. The drawings are held once on Tuesday and once on Saturday, with occasional drawings on Thursday. The prize pool is a minimum of ₪4,000,000 and a maximum of ₪56,000,000.
Chance – a game using a virtual stripped deck of playing cards, with only the A and K–7 of each suit (32 cards). The participant chooses four cards – one of each suit. Mifal HaPayis draws four cards (one from each suit) and the participant can win by matching 1, 2, 3, or 4 winning cards. Three different variants are available, with different payout schedules. The game is run every two hours 10:00–22:00 Sunday–Thursday, 10:00, 12:00, and 14:00 on Fridays and holidays, and 21:00 and 22:45 on Saturday.
Keno – A standard keno-type game. The participant chooses 7–9 numbers out of 70. Mifal HaPayis draws 17 numbers. A fixed multiple of the amount wagered is paid for getting different numbers of choices correct. The game runs every half-hour 11:00–22:30 Sunday–Thursday, 00:45 and 08:30–16:30 Friday, and 20:30–00:00 Saturday.
777 – Similar to the Keno game, but only run at 13:30 and 19:30 Sunday–Thursday, 13:00 Friday, and 22:45 Saturday.
123 – a daily game where the participant chooses a 3-digit number from 000 to 999. Mifal HaPayis draws a 3-digit number. The chances of winning this game are 1 in 1000. The participant can choose to play the "standard" game – paying 600:1 for choosing the exact winning number, or the "integrated" game – paying 100:1 for choosing the exact winning number, 25:1 for having all the right numbers in the wrong order, 5:1 for two numbers in the right position, or 1:1 for one number in the right position.^[4] The game is run at 21:00 Sunday–Thursday, 13:00 Friday, and 22:45 Saturday.
Hish Gad – various themed scratchcard games. 150 Lottery Place locations have video versions of these scratchcard games as well.
Lottery Subscription – A weekly game, with drawings on Thursdays (or another day if a holiday), with various prizes, including cash, cars, and vacations.
The Big Lottery – since its 50-year anniversary, a yearly lottery game where the grand prize is ₪50,000,000.

People

Chairman

Gideon Gadot (1981–96)
Uzi Dayan (current in 2013)

References

↑ Mifal Hapayis lottery sued over shrinking prizes
1 2 The number's up / Treasury leaves nothing to chance, takes control of lottery, Haaretz
↑ High profits for Mifal Hapayis for 2007 3.848 billion Shekels(Hebrew)
↑ It's not clear whether the payouts are "for" or "to", e.g. whether 5:1 pays the participant $6 or $5 for a winning ticket for which they paid $1.

External links

This article is issued from Wikipedia - version of the 10/15/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.