Lottery is a gather of playing. Kerala Bid Lottery was once started in the year 1967. The initiative was once taken by the then Bid Finance Minister Sri. PK Kunchu. Within the future of that period Kerala was once affected by acute unemployment. The selection of unemployed formative years on the starting of the third 5 year concept was once above 1.3 million1. The shift from agriculture to industrial and commercial actions, the fad for white collar jobs, the boost of carrier sector, inadequate boost in non tax earnings similar to interest, dividend and profit, increased public expenditure and plenty others. were the components that led the finance minister to mediate about a supplementary offer of earnings for the disclose.
Thus lottery was once essentially for lowering employment and to a particular extent for supporting the disclose earnings. Lotteries were generated by deepest companies for the time being. Later deepest lotteries were banned. This day, only the disclose authorities conducts lottery. Guidelines and laws for conducting lotteries were framed and lotteries hang turn out to be standard affair now. At fresh it provides employment to extra than 3 lakh folks and contributions, extra than Rs. 10 crores a year to the disclose authorities by approach of profit. Revenue tax deducted from the prize quantity additionally involves crores of rupees. Above all, trim quantity is lying with the disclose authorities as undistributed prize.
Started as a monthly program Kerala Bid lottery is currently having an average 5 attracts per week. The foremost prize distributed in a procedure has increased from Rs. 50000 to Rs. 1 crore and plenty extra. Total sale of tickets has additionally increased from Rs.75 lakhs to Rs.125 crores a year. Thus it’s a ways felt that the lotteries play a huge role in the life of Kerala folks.
But study students, lecturers and coverage makers hang no longer attempted worthy on the topic. This study gap motivated the student to gain this topic. Evaluate teach would possibly perchance additionally additionally be conscientiously identified and conceptualised only after a detailed literature review.
A peep amongst 300 samples were manufactured from totally different regions – southern central and northerly. The districts of Thiruvananthapuram, Thrissur and Kannur were selected at random for the cause and 100 samples from every district were selected and studied to analyze the motives in the aid of purchasing for tickets and the abundance of religion the public has in the Kerala Bid Lottery. A peep amongst 90 responses was once manufactured from winners of trim prize portions to analyze the pattern of utilization of prize money.
A peep amongst 150 samples was once additionally manufactured from the sellers of tickets to analyze the earnings earned by them from this assignment. The pattern sizes were saved low attributable to the difficulties in getting the relevant neighborhood. The Director of Kerala Bid Lotteries, a few district lottery officers, a few very trim and intensely exiguous sellers of tickets, the President of Kerala Lottery Agents Affiliation (KLAA) and plenty others. were additionally contacted and interviewed for his or her opinions and attitudes about the Kerala Bid Lottery. Quiet files were analyzed the use of appropriate and relevant ways.