Govt gets Rs 221 crore from unclaimed prize money from lottery last year
Kozhikode: The state government could earn a total of Rs 220.99 crore from unclaimed prize money of winning lottery tickets in the previous financial year. As per statistics, this amount seems to increase every year.
When the owners lose the prize-winning tickets or remain unaware of their victory, the amount is credited to the state treasury. The government was not willing to share the exact figures in this regard and the information was sought by filing RTI.
In 2018-19, the government could earn Rs 220.99 crore through unclaimed prize-winning lotteries while it was Rs 151.3 crore in 2017-18, Rs 105.55 crore in 2016-17 and Rs 94.17 crore in 2015-16. The amount seems to record a steady increase every year. The figures this financial year is not available yet.
The net profit earned through sale of Kerala lottery, after deducting the prize money and the commission of the agents, was Rs 1695.5 crore last year. The net profit in 1967-68, the first year after the state lottery started, was mere Rs 14 lakh. The profit started escalating since 2014-15 after the ticket prize and the number of tickets was increased.