Lottery is a form of gambling. Kerala Bid Lottery used to be started within the one year 1967. The initiative used to be taken by the then Bid Finance Minister Sri. PK Kunchu. All over that length Kerala used to be stricken by acute unemployment. The quantity of unemployed childhood before the whole lot of the third 5 one year thought used to be above 1.3 million1. The shift from agriculture to industrial and commercial activities, the craze for white collar jobs, the event of service sector, insufficient amplify in non tax earnings equivalent to hobby, dividend and earnings, increased public expenditure etc. accumulate been the factors that led the finance minister to think a supplementary provide of profits for the remark.
Thus lottery used to be essentially for lowering employment and to a clear extent for supporting the remark earnings. Lotteries accumulate been generated by interior most companies at that time. Later interior most lotteries accumulate been banned. This day, most effective the remark executive conducts lottery. Guidelines and laws for conducting lotteries accumulate been framed and lotteries accumulate turn into frequent affair now. Currently it affords employment to bigger than 3 lakh of us and contributions, bigger than Rs. 10 crores a one year to the remark executive by manner of earnings. Earnings tax deducted from the prize quantity also involves crores of rupees. Above all, tidy quantity is lying with the remark executive as undistributed prize.
Started as a monthly program Kerala Bid lottery is at display conceal having a median 5 attracts per week. The essential prize distributed in a arrangement has increased from Rs. 50000 to Rs. 1 crore and loads extra. Total sale of tickets has also increased from Rs.75 lakhs to Rs.125 crores a one year. Thus it is felt that the lotteries play a essential characteristic within the lifetime of Kerala of us.
But study students, academics and coverage makers accumulate no longer tried mighty on the topic. This study gap motivated the pupil to eliminate this topic. Study recount will even be carefully known and conceptualised most effective after a detailed literature overview.
A survey amongst 300 samples accumulate been fabricated from the quite quite loads of areas – southern central and northern. The districts of Thiruvananthapuram, Thrissur and Kannur accumulate been chosen at random for the cause and 100 samples from each district accumulate been chosen and studied to analyze the motives gradual attempting for tickets and the abundance of faith the public has within the Kerala Bid Lottery. A survey amongst 90 responses used to be fabricated from winners of tidy prize amounts to analyze the pattern of utilization of prize money.
A survey amongst 150 samples used to be also fabricated from the sellers of tickets to analyze the profits earned by them from this exercise. The sample sizes accumulate been kept low thanks to the difficulties in getting the relevant team. The Director of Kerala Bid Lotteries, a couple of district lottery officers, a couple of very tidy and very small sellers of tickets, the President of Kerala Lottery Brokers Affiliation (KLAA) etc. accumulate been also contacted and interviewed for their opinions and attitudes about the Kerala Bid Lottery. Serene data accumulate been analyzed utilizing acceptable and relevant systems.