Top Story

e4m_logo.png

Home >> Media - TV >> Article

Playwin Infrawest to launch online lottery today

05-March-2002
Font Size   16
Share
Playwin Infrawest to launch online lottery today

Playwin Infrawest, India’s first on-line lottery, promoted by Subhash Chandra and Essel group, goes online today.

Playwin Infrawest, the Rs 300 crore lottery venture, promoted by Subhash Chandra and Essel group, is set to go live from today with Sikkim state lottery''s ‘Super Lotto’. The company has already installed 300 on-line playing terminals at retail centres across all the 14 lottery playing states. Each terminal has been installed at Rs 3 lakh at retail outlets.

According to industry sources, globally online lottery business is worth over 125 billion US $ annually. Last year UK’s leading online lottery player Camelot’s sales stood at 13 billion US$, while Coke’s annual turnover was only 3 billion US$.

In India, there are few business that have the potential to grow from 0 to 1000 crore in just one year. Online lottery can do even better than that. According to market estimates, if all states allow the online lottery sales, the turnover could go well over 1,00,000 crore annually with government getting about 25% of this revenue as tax.

The inaugural draw of ‘Super Lotto’ will be held on March 29 at Gangtok in Sikkim and the result will be telecast live on Zee TV.

In order to give the online lottery a good start, Super Lotto can be played free on March 5 and March 6 at all retail centres in all lottery playing states. Consumers will be offered once in a life-time opportunity for the first two days to participate in Super Lotto''s jackpot of Rs 2 crore.

According to current annual estimate, sale of paper lottery is close to Rs. 50,000 crore, of which Rs. 28,000 crore is legal while balance sales comes from counterfeit tickets.

Tags

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.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Though revenue from media operations grew by 10.6% yoy to Rs 760.8cr, the film production revenue declined by 18.0% yoy

At the inaugural one-on-one session between Aroon Purie, Chairman & Editor-in-chief of India Today Group and Anurag Batra, Chairman & Editor-in-chief BW Businessworld & Exchage4media Group, Purie spok...

At the 11th Indian Magazine Congress in New Delhi Rajdeep Sardesai, Consulting Editor, India Today, remembered the time when he used to work for Times of India