Aiming to contribute maximum to the State exchequer, Punjab Directorate of lotteries is in the process to start online lottery schemes. The move is expected to bring a revenue of around Rs150 cr.
Presently, the lotteries Department is running four-five bumper lottery schemes in a year and two weekly lottery schemes, at a cost of Rs 20 and Rs 10 in a week. The draws of these weekly schemes are conducted by the department every Wednesday and Friday, said the department spokesperson.
Spokesperson stated that during the financial year 2007-08 to 2014-15, gross profit earned by the Department has been over Rs615 crore. He said that in 2007, 2008 and 2009, the department was running 336 weekly lottery schemes in a week along with four bumper lottery schemes.
He said that the revenue earned for the lottery goes to the consolidated fund of the State and is deployed towards the development of the State and its welfare activities.