Punjab State Lottery
The Punjab State Lottery is a government-run lottery in the state of Punjab in India. In this article, we have gathered everything you need to know about the Punjab Lottery. Primarily, we will answer the following three questions:
- How does the Punjab state lottery work?
- Where can I find Punjab lottery 2020 results and lottery tickets?
- What are the benefits and the drawbacks of the Punjab State Lottery?
The Punjab State Lottery
Punjab is a state in the northern parts of India, situated at the border of Pakistan. About 28 million people are living in the state of Punjab and many of these Punjab citizens are regularly participating in the Punjab State Lottery. The Punjab lottery is one of the government-run lotteries in India that is pursued under the rules and regulations stated by the federal government.
With the mission to guarantee a transparent and clean lottery, the Punjab lottery has been running since 1968. Back then, the model was inspired by the Kerala state lottery which was founded the year before the Punjab state lottery.
The government of Punjab instituted a lottery that would guarantee a trustworthy gambling organizer as all privately owned lotteries were banned. Thus, people could rely on a fair game at the same time as the revenue generated from the business was dedicated to social welfare programs.
Punjab Lottery Mechanics
The Punjab State Lottery offers a fun game that is easily accessible for all citizens, both online or in local stores all over the state. To buy a Punjab lottery ticket is also cheap and affordable for most people.
The Punjab Bumper lottery is held six times a year and takes place around the national holidays…
The Punjab lottery used to be a weekly and monthly event but nowadays it is only a Bumper lottery. A Bumper lottery is not held as often but the winning amount is higher than the regular weekly or daily draws that are common in other Indian state lotteries.
The Punjab Bumper lottery is held six times a year and takes place around the national holidays. The ticket prices range from Rs. 100 to Rs. 200 and there are prizes available to win from 150 rupees up to as much as Rs. 15 million.
To participate in the Punjab State Lottery is also a way of supporting the state’s welfare programs as the revenue generated from the lottery is earmarked for this purpose. The Punajb lottery profit is reinvested in areas such as women and child welfare, health and education facilities, and the state’s infrastructure.
The Punjab State Lottery 2020 draws and results are presented online on the official Punjab state government website. The Punjab State Lottery 2020 is conducted six times this year and lottery tickets can be bought online or at your nearest local lottery retailer.
The Punjab Bumper Lottery
The Punjab Bumper Lotteries are held six times in a year with prizes up to Rs. 15,000,000. Punjab State Lottery 2020 are usually named after the holidays that the lottery is connected to. These are the six Punjab State Lottery 2020 results and draws:
Punjab Holi Bumper Lottery
The Punjab Holi Bumper Lottery 2020 was conducted on February 29. More than 20 lakh tickets were sold and the top prize was 1.5 crore rupees
Baisakhi Bumper Lottery
The Baisakhi festival is celebrated on April 13 and April 14 every year. The Baisakhi Bumper Lottery 2020 was conducted on April 17 where the number one prize winner won 1.5 crore rupees.
Sawan Bumper Lottery
The religious festival of Sawan takes place during a longer period in the summer, from mid-July until mid-August. The Sawan Bumper Lottery 2020 will take place in connection to this period.
Rakhi Bumper Lottery
Rakhi Bumper Lottery is normally held a few days after or before the Hindu festival of Raksha Bandhan. In 2019 it was conducted on September 3.
Diwali Bumper Lottery
Diwali Bumper Lottery usually takes place at the beginning of November to celebrate the homecoming of Lord Rama. The jackpot in 2019 gave two winners as much as 2.5 crore rupees each.
New Year Lohri Bumper Lottery
The New Year Lohri Bumper Lottery 2021 will, as always, take place in January. New Year lottery tickets will be sold from November 2020. Last year two persons won 1.5 crore rupees each.
Benefits and drawbacks of the Punjab State Lottery
The Punjab lottery is a fun game that most people can afford and the lucky first prize winners will become rich. Since the Punjab State Lottery is a Bumper Lottery that only is being held six times a year, every event becomes special and the number one prize is normally as much as 1.5 crore rupees and sometimes even more.
When buying a Punjab lottery ticket you also support the state’s finances and their contribution to the less privileged people in the society since the profit generated from the lottery is earmarked for social welfare.
Although the chances of winning the first prize is very small. About 20 million tickets are usually sold at every Punjab lottery draw and mathematically the odds of winning are obviously minimal.
In comparison to other gambling…the house edges (up to 50%) on the government-run lotteries is extremely high… games such as BlackJack have a house edge that can be as low as 1%…
In comparison to other gambling such as online casinos or sports betting the house edges on the government-run lotteries in India is extremely high. For instance, online casino games such as BlackJack have a house edge that can be as low as 1-5%, while the Punjab lottery has a house edge as high as 50%.
In comparison, the online betting sites are generally giving you as a gambler a much better chance of winning. Nowadays, the biggest offshore online betting platforms provide a complete gambling experience that is easily accessible and customized for the Indian market. The most popular Indian sports, such as cricket, kabaddi, hockey, and badminton, are fully covered by these bookmakers and with some good knowledge about these sports, the chances of winning are favorable.