A lottery is a form of playing. Kerala State Lottery became started out in the 12 months of 1967. The initiative was taken with the aid of the then State Finance Minister Sri. P.K. Kunhu. During that period Kerala becomes suffering from acute unemployment. The variety of unemployed youngsters at the beginning of the third five-year plan changed into above 1.
Three million1. The shift from agriculture to commercial and commercial activities, the rage for white collar jobs, the boom of provider sector, inadequate increase in non tax sales including interest, dividend and earnings, increased public expenditure etc. Have been the factors that led the finance minister to think of a supplementary supply of earnings for the nation.
This today kerala lottery results were introduced mainly for lowering unemployment and to a positive quantity for helping the kingdom sales. Lotteries had been performed by way of non-public corporations at that time. Later personal lotteries have been banned. Today, most effective the nation authorities conduct the lottery. Rules and guidelines for accomplishing lotteries have been framed and lotteries have turn out to be a not unusual affair now.
At present, it gives employment to more than three lakh humans and contributes, extra than Rs. 10 crores a year to the state authorities by using a manner of earnings. Income tax deducted from the prize amount additionally comes to crores of rupees. Above all, a large quantity is lying with the state authorities as to the undistributed prize.
Started as a monthly program Kerala State lottery is currently having on an average of five draws per week. The first prize distributed in a draw has extended from Rs. 50000 to Rs. 1 crore or even greater. Total sale of tickets has additionally accelerated from Rs.75 lakhs to Rs.125 crores a yr. Thus it is felt that the lotteries play a widespread posit
But studies students, academicians and coverage makers have now not attempted much at the difficulty. This studies hole influenced the student to pick out this subject matter. The research problem can be rigorously diagnosed and conceptualized the simplest after a detailed literature overview.
A survey amongst 300 samples was made from the unique areas – southern valuable and northerly. The districts of Thiruvananthapuram, Thrissur, and Kannur were decided on at random for the cause and one hundred samples from every district had been selected and studied to investigate the motives in the back of buying tickets and the volume of faith the general public has within the Kerala State Lottery. A survey amongst 90 respondents turned into made from winners of huge prize quantities to analyze the pattern of utilization of prize money.
A survey among a hundred and fifty samples became also made from the sellers of tickets to analyze the income earned by using them from this interest. The pattern sizes have been kept low because of the problems in getting the relevant institution. The Director of Kerala State Lotteries, some district lottery officers, a few very huge and really small dealers of tickets, the President of Kerala Lottery Agents Association (KLAA) and so on. Were additionally contacted and interviewed for their opinions and attitudes approximately the Kerala State Lottery. Collected statistics were analyzed using suitable and relevant strategies.