The government of Kerala organises two seasonal lotteries in a year, the other being the summer bumper lottery. (File Photo)
The result of the Monsoon Bumper Lottery BR-68 organised by the Lottery department of the Kerala government will be announced today i.e. Thursday. It was in 1967 when the government of Kerala, in order to give a major boost to revenue generation, set up a lottery department. The idea is said to have been the brainchild of the then Finance Minister of Kerala, late PK Kunju. This became a source of non-tax revenue for the state while it also provided a source of stable income to the poor.
The results of the seasonal Bumper Lottery will go live on the portal of Directorate of Kerala State Lotteries i.e. https://keralalotteries.com/
The winner of the first prize will be awarded with Rs 5 crore while the second and third prize winners will get Rs 10 lakh and Rs 5 lakh respectively. Last but not the least, there also is a provision of consolation prize of Rs 1 lakh.
In 1967, the total revenue from the lottery sales stood at just Rs 20 lakh and by 2009-10, it reached to Rs 557. 69 crores. The profit almost went up to 100 crores in the same year.
The government of Kerala organises two seasonal lotteries in a year, the other being the summer bumper lottery. These lotteries emerge as biggest cash inflow opportunities for the government of Kerala.
Apart from this, the state government also conducts festival jackpots on the occasion of Onam, Vishu, Christmas and Dussehra.
Moreover, the Kerala Akshaya AK-404 Lottery was declared yesterday. The results were announced by Kerala State Lottery department for Akshaya AK-404 at https://www.keralalotteries.com/.
In case, the prize money is less than Rs 5000, the winners can claim their award money from any vendor nearby. If the prize money is more than Rs 5000, the winners will be required to submit their tickets to the state government within 30 days to get the award.