rediff logo
« Back to Article
Print this article

Maharashtra govt to up tax on lotteries

July 26, 2006 19:02 IST

Maharashtra government would hike tax on lotteries operating in the state, including those from other states.

The decision was taken at a meeting of the state Cabinet in Mumbai on Wednesday, Chief Minister Vilasrao Deshmukh told reporters.

As a result of the decision, the state government's revenues from lotteries would go up from Rs 26 crore (Rs 260 million) to Rs 150 crore (Rs 1.5 billion), while the number of lottery draws, about 2,500 per day, would come down to about 150 per day, he said.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.