Kerala Revenue From Lottery

Kerala the gods own country added another first to its cap in 1967 when a lottery department was setup for the first time in india.

Kerala revenue from lottery. And this is after a major shortfall from the original. Kerala state lotteries hadn t made loss since its inception. 20 lakhs which witnessed a whopping increase to reach rs. 557 69 crores in 2010 2011 from only one weekly lottery from sept 2010 to march 2011 and six bumper lotteries.

The right idea came from the then finance minister of kerala the late shri. Find latest news video photos on revenue from kerala lottery. Kunju sahib who envisaged revenue from sale of lotteries as a major source of non tax revenue for the state at the same time providing a stable income source for the poor and. Kerala is one of the many states in india where the lottery is allowed and is conducted by the state government.

Lottery sales in kerala plummeted to rs 19 64 lakh a week after the high court order. The state s annual revenue from lottery sale exceeds rs 4 000 crore. Lottery business in kerala not only generates the non tax revenue but it also provides jobs including physically challenged people who constitute a section of ticket sellers. In 1967 the total revenue from lottery sales was only rs.

Kerala govt hits jackpot in lottery craze revenue from ticket sale up revenue from lottery in 2018 19 financial year was rs 9 276 crore up from rs 8 977 crore the fiscal before. Kerala govt hits jackpot in lottery craze revenue from ticket sale up. In 2015 16 the kerala government earned rs 7 300 crore by selling lottery tickets of which the profit to the exchequer was rs 2 200 crore. 625 74 crores in 2009 2010 and rs.

With gst implementation the kerala tax on paper lotteries act of 2005 will be inoperative says the state government. The revenue from lottery sales is a big income source for the kerala government. Government authorities now expect weekly revenues of rs 42 lakh following the move to reintroduce lottery draws on all days of the week. Msn back to msn home news.

Powered by microsoft news. Kerala unlike neighbouring tamil nadu has been allowing lottery sales for long. It was to the tune of inr 4 000 crore last year and is all set to increase this year.