Lottery is a assemble of playing. Kerala Bid Lottery used to be started within the year 1967. The initiative used to be taken by the then Bid Finance Minister Sri. PK Kunchu. All the strategy thru that period Kerala used to be littered with acute unemployment. The sequence of unemployed childhood in the starting up of the third five year thought used to be above 1.3 million1. The shift from agriculture to industrial and industrial actions, the craze for white collar jobs, the enhance of provider sector, inadequate expand in non tax earnings comparable to hobby, dividend and profit, elevated public expenditure etc. had been the factors that led the finance minister to take into tale a supplementary source of earnings for the sigh.
Thus lottery used to be essentially for reducing employment and to a obvious extent for supporting the sigh earnings. Lotteries had been generated by non-public agencies within the intervening time. Later non-public lotteries had been banned. This day, handiest the sigh government conducts lottery. Principles and guidelines for conducting lotteries had been framed and lotteries have turn into frequent affair now. Right this moment it provides employment to better than 3 lakh of us and contributions, better than Rs. 10 crores a year to the sigh government by components of profit. Earnings tax deducted from the prize amount also comes to crores of rupees. Above all, tidy amount is lying with the sigh government as undistributed prize.
Began as a monthly program Kerala Bid lottery is within the intervening time having a median 5 attracts a week. The first prize disbursed in a scheme has elevated from Rs. 50000 to Rs. 1 crore and even more. Total sale of tickets has also elevated from Rs.75 lakhs to Rs.125 crores a year. Thus it is felt that the lotteries play a necessary role within the lifetime of Kerala of us.
However study scholars, lecturers and coverage makers have no longer attempted unprecedented on the subject. This study gap motivated the student to find this subject. Study field would possibly maybe almost definitely moreover be conscientiously identified and conceptualised handiest after a close literature review.
A study amongst 300 samples had been fabricated from the deal of regions – southern central and northerly. The districts of Thiruvananthapuram, Thrissur and Kannur had been chosen at random for the reason and 100 samples from each and every district had been chosen and studied to analyze the motives within the wait on of attempting to catch tickets and the abundance of faith the general public has within the Kerala Bid Lottery. A study amongst 90 responses used to be fabricated from winners of tidy prize amounts to analyze the sample of utilization of prize money.
A study amongst 150 samples used to be also fabricated from the sellers of tickets to analyze the earnings earned by them from this exercise. The sample sizes had been kept low thanks to the difficulties in getting the related neighborhood. The Director of Kerala Bid Lotteries, just a few district lottery officers, just a few very tidy and extremely puny sellers of tickets, the President of Kerala Lottery Brokers Association (KLAA) etc. had been also contacted and interviewed for their opinions and attitudes in regards to the Kerala Bid Lottery. Serene info had been analyzed utilizing appropriate and related ways.