Streamlining the regulatory and taxation structure for sale of lottery tickets can help garner additional funds up to Rs 50,000 crore for the exchequer, a lottery distributor has claimed.
According to a The Times Of India report, Lottery sales are permitted in three states of the Northeast – Arunachal Pradesh, Mizoram, Sikkim – and other states like Goa, Kerala, Maharashtra, West Bengal and Punjab.
“In India, lotteries have the potential to contribute anywhere between Rs 35,000 crore and Rs 50,000 crore on an annual basis,” the paper quoted Kamlesh Vijay, CEO of a state lottery distributor as saying.
He added, “A streamlined structure for lottery sales has the potential to generate more than 10 lakh jobs.”
The funds garnered through lotteries can be used for public welfare schemes and development of sports on the lines of the US, the UK and China, he said, adding that the Kerala government has announced that resource mobilisation for a comprehensive health scheme would be done through lottery funds, he said.