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Inflating Luck

July 22, 2008 (LBO) - The Sri Lankan government is going to double the prices of lottery tickets from September onwards.
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The national lotteries board and the development lotteries board have an effective duopoly on selling lotteries in Sri Lanka.

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Updated National Lotteries Board chairman A De vass Gunewardena says that the last price revision was done in 1988.

The new price of 20 rupees will be for weekly and instant lotteries.

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The national and development lotteries will also increase prize money.

Last year, the national lotteries board had earned 6.

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5 billion rupees in revenues and paid almost half as prizes, Gunewardena says.

The board also paid around three billon rupees to the government consolidated fund.



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