To mop up the additional revenue, cash-starved Punjab Government on Tuesday decided to introduce online lottery in the State.

The decision was taken by the State Cabinet during its meeting. As per the decision, the Online Lottery will be operated on a build, operate and own (BOO) basis. However, the details of expected financial revenue to be generated by the same have not been calculated for now.

For the purpose, a tender and monitoring committee headed by the State Chief Secretary with Principal Secretaries of Industries and Commerce, and Finance Department as members besides Director Lotteries as its convener has also been constituted to finalise the modalities for setting up and manage the online lottery system.

The State Government has earlier given its nod to launch the online lottery system in 2013, aiming at generating revenue of nearly Rs200 crore. However, it failed to turn into a money spinner after the lottery operators found the licence fee exceptionally steep. Sources informed that the Government has now once again brought the system with modified terms and conditions.

The State Government is planning to open licensed 24X7 online lottery parlours or outlets across the State to generate revenue of nearly Rs1,000 crore per annum. Such parlours would take care of the ticket sale along with the authentication, validation and announcement of the winners.

Presently, Punjab has been selling paper lotteries, under weekly draws and five to six bumper schemes including Diwali bumper, Rakhi bumper, new year bumper, lohri bumper.Once generating huge revenue, it witnessed a plunge along with the gross profit from Rs 4,033 crore in 2009-10 to Rs 32.68 crore in 2013-14 after the introduction of 2010 stringent rules barring the daily draws.

Credits www.dailypioneer.com