Tag Archives: Lottery
- Maharashtra lottery sellers to go on strike to protest 28% GST
August 15, 2017
Private lottery sellers in the state of Maharashtra will be putting up the “Closed” sign next week as part of their protest against the implementation of the Goods and Services Tax (GST) in India. In June, the GST Council announced a dual tax rate for lottery tickets under the new...
- Lotteries no longer guaranteed cash cows for US states
July 13, 2017
Lotteries are no longer guaranteed cash cows for US state governments, probably because they’re so damn boring. On Thursday, the Pew Charitable Trusts published data showing that fully half of the 44 states that allow lotteries saw lottery revenue fall between 2014 and 2015. The phenomenon isn’t entirely new, as...
- Tech Start-up aims to lure millennials to play lottery
July 11, 2017
There may be more millennials walking the face of the Earth at present but only a few of them are playing lottery. This is the stark reality that technology start-up AutoLotto has to face as only one-third of people aged 20 to 35 bought a lottery ticket last year. While...
- New York lottery takes $20m winnings from welfare recipients
July 5, 2017
A controversial program has allowed New York state to claw back close to $20m in lottery winnings over the past four years from recipients of social assistance programs. Lots of people arched their eyebrows this spring when Republicans in the House of Representatives unveiled their proposed (and ultimately rejected) health...
- Playwin declares 30% price hike for lottery tickets ‘on account of GST’
July 3, 2017
Winning the elusive lottery jackpot in India now comes with a hefty price tag. Last week, private lottery distributor Playwin announced on Twitter that it has “revised prices” for its lottery game tickets, effective July 1. The lottery brand of Indian conglomerate Essel Group pinned the ticket price hike “on...
- Audit report links Essel Group firms to $1.83B India lottery scam
June 23, 2017
Two companies associated with business conglomerate Essel Group have been linked to the INR11,808 crore (US$1.83 billion) lottery scam in the Indian state of Mizoram. Several weeks ago, the Comptroller and Auditor General of India (CAG) came out with a report, in which it revealed “a host of anomalies in...
Law panel leans towards regulating gambling in India
March 20, 2017
India’s Supreme Court taking another look at sports betting
April 28, 2017