By: Express Web Desk | Kochi | October 10, 2020 1:30:03 pm
With seven daily and multiple bumpers draws, the lottery is one of the biggest cash flows in Kerala. (Photo source: ieMalayalam.com)
Kerala Karunya Lottery KR-468 Results Today: The state lottery department will Saturday announce the results of the Kerala Karunya Lottery KR-468. The first prize will bag a whopping Rs 80 lakh. The second prize is Rs 5 lakh, and the third prize is worth Rs 1 lakh. The consolation prize is Rs 8,000.
The results will be announced live from 3 pm. The official result will be declared at 4 pm.
The price of a single ticket is Rs 40, while the entire book costs Rs 750. If the prize money is less than Rs 5,000, the winners can claim the money from any lottery shop in Kerala. If the amount won is above Rs 5,000, the winners will have to surrender their tickets before a bank or government lottery office with id proofs.
With seven daily and multiple bumpers draws, the lottery is one of the biggest cash flows in Kerala.
The Kerala government runs a slew of seasonal and daily lotteries which are extremely popular among the public and help shore up non-tax revenues for the administration. The lottery department was set up in 1967 and since its inception, it is one of the few government departments to have never recorded losses.
The first lottery ticket in 1967 was sold for Re 1 and carried a top cash prize of Rs 50,000. The department has grown from a revenue of Rs 20 lakhs in 1967-68 to nearly Rs 9000 crores in 2017-18. Today, it sells the major Thiruvonam, Vishu, Puja, Monsoon, Summer bumper tickets along with daily-draw categories such as Akshaya, Sthree Shakti, Karunya, and Pournami.
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