National Lotteries Board Explained

National Lotteries Board
Type:	Government-owned corporation
Industry:	Gambling
Founder:	Edward A. Nugawela
Hq Location:	No 32, Deshamanya N W J Mudalige Mawatha, Colombo 01.
Area Served:	Sri Lanka
Key People:	Jagath P Wijeweera (Chairman)^[1]
Products:	Lottery
Revenue:	Rs 6.5 billion (2018)^[2]
Net Income:	Rs 1.2 billion (2018)^[3]
Owner:	Ministry of Finance

National Lotteries Board also known NLB (formerly known as Hospital Lottery) government own national lottery company. Founded in 1955, under Finance Act No.4 of 1955 under the Minister of Health was the Major Edward A. Nugawela. (1947–1958). National Lotteries Board resisted under Finance Act no.11 of 1963.^[4] NLB number total agency network approximated 3,000.^[5] In 2017 National Lotteries Board fully operated by Ministry of Finance.^[6] NLB, earn Rs. 17.5 billion in 2015.^[7] Sri Lanka government one of main revenue but since 2018 revenue decreased. Revenue decreased by 18% in 2018.

Lotteries

Several games operate under the NLB brand:

• GOVISETHA
• MAHAJANA SAMPATHA
• DHANA NIDHANAYA
• DARU DIRI SAMPATHA
• JATHIKA SAMPATHA
• VASANA SAMPATHA
• SEVANA

Notes and References

1. Web site: Development Lotteries Board. 2021-01-27. Development Lotteries Board. en.
2. Web site: 2018-09-14. Development Lotteries Board records Rs 1.2 b PAT - 1H, 2018. 2021-01-27. Sunday Observer. en.
3. Web site: Development Lotteries Board records Rs. 1200 million profit in 1 ST half of 2018. 2021-01-27. www.lankanewsweb.net. English.
4. Web site: History National Lotteries Board, Sri Lanka. 2021-01-27. Home. en.
5. Web site: 2018-07-13. National Lotteries Board revenue, prize money declared down by 18% in 2017. 2021-01-27. Adaderana Biz English Sri Lanka Business News. en-US.
6. Web site: National Lotteries Board, Development Lotteries Board brought under Finance Ministry. 2021-01-27. Daily News. en.
7. Web site: New act for National Lotteries Board Daily FT. 2021-01-27. www.ft.lk. English.