Top Story


Home >> Digital >> Article

Modi Enterprises to pump in Rs. 600 crore in online lottery venture

Font Size   16
Modi Enterprises to pump in Rs. 600 crore in online lottery venture

Modi Enterprises has envisaged an investment of Rs.600-650 crore in its online venture. The company has entered into a contract with the Stockholm-based EssNet for an online lottery system. EssNet is expected to commence the installation of the system from next month onwards.

Modi Enterprises has a 10-year contract with Manipur government for an online lottery with an option to renew the same for a similar period. In the initial phase, an infrastructure of 10,000 terminals would be distributed all over the country. Later on the numbers would be extended to 30,000 in the next phase.

According to estimates, more than 2 crores Indians buy conventional lottery tickets every day. The lottery market is worth around Rs.50,000 crores per annum. But the share of the online lottery in that is expected to be a miniscule Rs.120 crores only in the whole year. The global market size of the online lottery business is estimated to be $155 billions.

With Modi's entering the fray and Videocon Group too expected to join soon, the online lottery market in the new year is set for major action as Playwin of the Essel Group is not going to let the advantage get out of its grip easily.


Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Duroflex and Happy mcgarrybowen launch #7HourMarathon campaign with Milind Soman to promote healthy sleeping practices

Punjab has witnessed highest growth, of more than 50% DTH penetration, followed by HP and J&K

IRS 2017 has been reinforced with design, methodology, quality, and questionnaire enhancements to ensure the highest integrity of the data.