Quick Answer: How can I start Kerala lottery agency?

Any Keralaite who is above the age of 18 can become an agent of Kerala State Lotteries . A person who applies in the prescribed form along with the necessary fees of Rs 335/- (Three Hundred and Thirty Five only) and two passport size photos at the District Lottery Offices can become an agent.

Is Kerala lottery agency is profitable?

According to data from the state lottery directorate, Kerala’s revenue from lottery in 2018-19 was Rs 9,276 crore, on which it earned a profit of Rs 1,673 crore. … The rise in sale of lottery tickets has also resulted in an increase in the number of ticket-sellers or agents in the state. The report quoted S.

What is the commission of lottery agent?

While agency commission is 10 per cent of the prize money, the income tax would come up to 30 per cent of the money after the agency commission is deducted. While agency commission is 10 per cent of the prize money, the income tax would come up to 30 per cent of the money after the agency commission is deducted.

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Can I start a lottery business in India?

In terms of the lottery business in India, the Central Government does not permit the establishment of any lottery firm. That is to say, you cannot open a lottery firm in whatever location you like. You must first check with the state government of the city or state where you intend to launch your lottery company.

Can I sell Kerala Lottery online?

Can Kerala Lottery be purchased online? As per rule only physical tickets are permitted to sale. 7. … No agent shall sell lotteries through internet or through social media.

How much is Kerala Lottery Commission?

commission on 2nd prize from Government fund. prize and 20% of the prize money on 7th prize and 30% of the prize money on 8th prize will be given to the agents concerned as agents commission on prize from Government fund.

How can I earn money from Kerala lottery?

A claim application along with a Photostat copy of both sides of the ticket, self attested. Two Passport size photographs of the prize-winner duly attested by a Gazetted Officer/Notary. A receipt for the prize money in the prescribed form affixing a revenue stamp worth Rs.

How much is Kerala lottery tax?

As of now, an Income tax of 30% will be deducted for all the prize winning claims exceeding Rs. 10,000/- For the agents prize claims an amount equivalent to 10% of the claim will be deducted as income tax. Presently no surcharge or educational cess is deducted as per the Income Tax rules.

How do I start a lottery company?

How to Start Your Own Lottery Business in 2020?

  1. Discover the Industry. …
  2. Target the Audience and Choose the Niche. …
  3. Choose Your Legal Entity. …
  4. Invest in Branding. …
  5. Hire a Lawyer. …
  6. Get the Necessary Documents. …
  7. Create a Business Plan and Marketing Strategy. …
  8. Final Thoughts.
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Which is the best lottery in India?

Best Online Lottery in India

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1 Lottoland PAYTM Deposits and Withdrawals!
2 Lotto247 Get 1 US Powerball entry FREE when you purchase your first online lottery entry
3 PlayHugeLottos All the International Lotteries
4 Multilotto Rated as the best Indian Online Lottery 2021

Which states allow lottery in India?

As of right now lotteries are available in Kerala, Goa, Maharashtra, Madhya Pradesh, Punjab, West Bengal, Assam, Arunachal Pradesh, Meghalaya, Manipur, Sikkim, Nagaland and Mizoram. The public ban on lotteries in other states has not been very effective since several lottery providers allow Indians to play online.

Is Kerala lottery legal?

Established in 1967, under the lottery department of the Government of Kerala, it is the first of its kind in India. In 1967 all private lotteries were banned and the Government of Kerala started the Kerala State Lotteries.

Kerala State Lotteries.

Type Operated under Taxes Department, Government of Kerala
Website www.keralalotteries.com

How many bumper lottery are there in Kerala?

Welcome To Directorate of Kerala State Lotteries

223/10/TD dated 31.8. 2010 to reduce the number of weekly lotteries to one,retaining the six bumper lotteries per year.

Who can buy Kerala state lottery?

The Kerala State Lottery tickets can be purchased from agents, retailers and shops across the state who are authorised to sell the lotteries. The Kerala lottery tickets are not available online. What is the price of Kerala State Lottery ticket ? The Kerala State Lottery tickets are priced between Rs 20-500.