Starting a lottery company in India requires understanding the legal framework and local market conditions. The Public Gambling Act of 1867 generally prohibits running public gambling houses, but state governments have the authority to regulate lotteries under the Lotteries Regulation Act of 1998.
Several Indian states like Kerala, Punjab, and West Bengal operate legal state lotteries. These government-run lotteries offer various products including weekly, bumper, and daily lottery draws. Popular local lottery products include Kerala State Lottery, Punjab State Lottery, and Sikkim State Lottery.
Private lottery companies face significant restrictions and must obtain proper licenses from state governments. The application process involves detailed documentation, security deposits, and compliance with strict regulations regarding prize distribution, ticket pricing, and revenue sharing with the government. |
