The Kerala Akshaya AK-384 lottery result will be announced on February 27, 3 pm and the result would be available at http://www.keralalotteries.com/index.php/quick-view/result
The Kerala Akshaya lottery is conducted on Wednesdays. The ticket face value is Rs. 30 while the first prize is Rs. 60 lakhs, while the second prize is Rs. 5 lakhs. The third prize is Rs. 1 lakh and there is a consolation prize of Rs. 8,000. The fourth and fifth prizes are Rs. 5,000 and Rs. 2,000 respectively. The sixth prize is Rs. 1,000 while the 7th and 8th prizes are Rs. 500 and Rs. 100 respectively.
Kerala State Lotteries is a lottery program run by the Government of Kerala. Set up in 1967, under the lottery bureau of the Government of Kerala, it is the first of its kind in India.
The Kerala State Lotteries included distinctive kinds of lottery draws with different prize structure week after week and few bumper lotteries as well. There are 7 weekly lotteries conducted by Directorate of Kerala State Lottery.
In 1967 every private lottery was prohibited and the Government of Kerala began the Kerala State Lotteries. According to their website "The right idea came from the then Finance Minister of Kerala, the late Shri. P. K. Kunju Sahib, who envisaged revenue from the sale of lotteries as a major source of non-tax revenue for the state, at the same time providing a stable income source for the poor and the common.”
The office currently has around 465 representatives under its Directorate situated at Vikas Bhavan at Thiruvananthapuram, 14 District Offices and a Regional Deputy Directorate at Ernakulam. The office which was at first under the Department of Finance was later brought under the Taxes Department. The tickets are printed at the Kerala State Centre for Advanced Printing and Training (C-apt), Trivandrum, Kerala Books and Publications Society, Kakkanad, Kochi and the Government Press, Mannanthala, Trivandrum.