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Lottery sales a jackpot for state

Lottery sales a jackpot for state

MS Vidyanandan @T'Puram As the grand wheel of fortune keeps spinning with 11 more days left to know the wi

Published: 05th September 2017 05:37 AM  |   Last Updated: 05th September 2017 05:37 AM   |  A+A-


Lottery sales a jackpot for state

MS Vidyanandan @T'Puram As the grand wheel of fortune keeps spinning with 11 more days left to know the winner of the biggest jackpot in Kerala's history, the state is all set to emerge a big winner. The Thiruvonam Bumper Lottery of the state lotteries department promises a whopping Rs 10 crore to the first prize winner. There are ten second prizes of Rs 5 crore each. While ticket sales are yet to be in full swing, Lotteries Department estimates record revenue from the bumper lottery this year. Until Saturday, nearly 32 lakh tickets were sold fetching about Rs 80 crore for the department. Last year, the department sold 69.75 lakh tickets, each priced at Rs 200, to garner Rs 139.50 crore. "Usually, sales gain full momentum after Thiruvonam. Sales would close on September 20 morning, the draw date. Current figures suggest that the revenue will cross the previous year's figure," officials said. Their confidence is partly based on the fact that the face value of ticket is Rs 250 this year, Rs 50 more than the previous year. Finance Minister Thomas Isaac said the robust sales showed people's solidarity with state lotteries. "Government's plan is to earmark the entire profit from state lotteries for public health. Soon we will have an expanded form of the present Karunya scheme benefiting more people," Isaac said. "The launch of the health scheme will further boost the loyalty of the people in state lotteries," he added. All prize amounts of this year's bumper is up from the previous year. There are 20 third prizes of Rs 10 lakh each. Fourth prize of Rs 5 lakh each will be given to 20 persons. 40-43 percent of the total sales turnover is given as prizes, 33 percent as commission and incentives to agents

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