Playwin Infravest Pvt Ltd., plans to appoint 6,500 more retailers in the current fiscal to sell Playwin Sikkim Super Lotto Jackpot tickets.
At present the company has 3,500 retailers all over the country, through whom 7.5 crore tickets have been sold so far and Rs 37 crore have been given away as prize money to the winners.
Though the Playwin Super Lotto online lottery was launched in the country only three months back, it has already generated revenues of Rs 74 crore during this short period. Lately, it has been clocking weekly revenue of over Rs 8 crore.
According to company source, even Maharashtra and Karnataka governments are planning to launch their own versions of online lottery.
According to company anyone who has a shop, business establishment or commercial space in a reasonably good location and is willing to deposit Rs 3.5 lakh is eligible to become a Playwin retailer. The retailer would be paid 8.5 per cent interest annually on this deposit and it would be refunded if any dealer chooses to withdraw.
Against this deposit, the company provide the retailer a terminal and equipment worth Rs 5 lakh. While every retailer is expected to give a minimum sales of Rs 4 lakh worth of tickets a month or Rs 1 lakh every week, he gets 5 per cent commission on the total sales. Besides, he is also entitled to 1 per cent of the prize money, provided the winning ticket is sold from his store.
Source: Business Standard