Updated: November 2, 2020 1:57:02 pm
The Kerala lotteries division on Sunday launched a brand new month-to-month lottery which can carry 5 first prizes of Rs 1 crore every. Called ‘Bhagyamithra’, the draw will happen on the primary Sunday of each month. The second prize is value Rs 10 lakh for one particular person, whereas the third prize of Rs 2 lakh every might be given to eight winners. Other prizes are of Rs 5,000, Rs 2,000, Rs 1,000, Rs 500 and Rs 300, moreover 35 comfort prizes of Rs 25,000 every.
Priced at Rs 100, 24 lakh tickets have been printed within the first part. The first draw might be held on December 6.
This is the primary time within the historical past of the lottery that a number of first prizes have been awarded. The new lottery is supposed to compensate for the losses as a result of cancellation of the Pournami Lottery on Sundays. The sale of lottery tickets, which have been drawn on Sunday, has been suspended until December 31. The division plans to get rid of the Pournami lottery if the brand new lottery is profitable.
The Kerala authorities runs a slew of seasonal and each day lotteries that are extraordinarily standard among the many public and assist shore up non-tax revenues for the administration. The lottery division was arrange in 1967 and since its inception, it is without doubt one of the few authorities departments to have by no means recorded losses.
The first lottery ticket in 1967 was bought for Re 1 and carried a high money prize of Rs 50,000. The division has grown from a income of Rs 20 lakhs in 1967-68 to just about Rs 9000 crores in 2017-18. Today, it sells the most important Thiruvonam, Vishu, Puja, Monsoon, Summer bumper tickets together with daily-draw classes corresponding to Akshaya, Sthree Shakti, Karunya, and Pournami.
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