Lottery business run by Kerala govt posts over 21 % growth in 2017-18

The revenue from lottery sales during 2017-18, till February, was Rs 89.77 billion compared to Rs 73.95 billion in 2016-17

Kerala Lottery, the lucky-draw business run by the state government to raise fund and invest in healthcare schemes grew over 21 per cent in 2017-18, much higher compared to the previous two financial years.

The revenue from lottery sales during 2017-18, till February, was Rs 89.77 billion including Goods and Service Tax (GST) of Rs 7.45 billion compared to Rs 73.95 billion in 2016-17, according to officials. During the financial year 2015-16, the revenue was Rs 63.17 billion against Rs 54.45 billion in 2014-15.

The expenditure for the department during 2017-18, till February, was Rs 66.46 billion. However, a report