Kerala Lotteries posts 22% growth in 2017-18, profit grows marginally

According to the previous government, the lottery business in the state grew almost 10 fold

Kerala Lotteries, the government-run lottery business that contributes to the state’s coffers, has seen a growth of over 22 per cent in 2017-18, performing better than the previous years. However, net profit from lottery sales has grown 0.23 per cent during the year.

Sales have grown to Rs 90.34 billion in 2017-18, compared to Rs 73.94 billion in the previous year. Sales in 2015-16 was at Rs 63.17 billion. 

The net profit from lottery sales was at Rs 16.95 billion in 2017-18. In the previous year, the figure stood at Rs 16.91 billion. The state government had recently said sales growth in