The Akshaya Kerala State Lottery is a weekly lottery conducted by the Government of Kerala. It is one of the seven weekly lotteries run by the Kerala State Lottery Department. Here are some key details about the Akshaya lottery:
Key Details
- Cost and Number of Tickets: The cost of a single ticket is ₹40, and each ticket contains 12 series of numbers.
- First Prize: The first prize for the Akshaya lottery is ₹1,00,00,000 (1 crore).
- Draw Day: The draw for the Akshaya lottery is held every Sunday at 3:00 PM.
- Results: The results of the Akshaya lottery are published on the official website of Kerala lotteries on the same day of the draw.
- Purchase: The lottery tickets can be purchased from authorized lottery agents and retailers across Kerala. Online purchase of Kerala lottery tickets is not legally allowed.
- Prize Distribution: The prize money for various prize levels in the Akshaya lottery includes:
- 1st Prize: ₹1,00,00,000
- Consolation Prize: ₹8,000
- GST and Income Tax: A 12% Goods and Services Tax (GST) is levied on the ticket cost. Income tax is deducted at the prevailing rate for prize money exceeding ₹10,000.
- History: The Kerala State Lottery was introduced in 1967 by the then Finance Minister, late Shri P. K. Kunju Sahib, with the aim of providing employment and supplementing government finance.