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Playwin Lottery

On 14th of October 2019, National Company Law Tribunal delivered an order for the commencement of a Corporate Insolvency Resolution Process to the Pan India Network Limited. Thus, Pan India Network Limited has been asked to submit all the necessary claims to the Interim Resolution Professional along with the relevant proofs.

What has happened to Playwin?

In 2014, the Crime Investigation Department (CID) of the Andhra Pradesh police sought a ban on the website of ‘Playwin’ which has allegedly been selling online lotteries banned in the state.

Year 2017 brought a major setback for the lottery business in India. In June 2017, the Goods and Services Tax (GST) Council ordered dual tax rate for lottery tickets in the country. Under the dual tax rate, lotteries operated by private distributors came under the highest tax slab of 28 percent. Several serious protests were made against this dual tax, but no luck.

In fact, many sellers in the business had to shut off their businesses completely due to such reasons. Not only that, many more were also on the verge of shutting down. Pan India Network Ltd “Playwin” was one of them. To meet these GST requirements, Playwin introduced a hike in the lottery ticket prices by about 30%. This further hampered their revenue.

In 2018, the Karnataka government banned Playwin to operate in its state.

A Dark day in the history of Playwin Lottery – The Corporate Insolvency Resolution Process Filed

On 30th April 2019, Sagar E Shop Private Limited filed a petition against Pan India Network Limited alleging that Pan India Network Limited committed default in making payment to the extent of Rs. 1,60,39,093/- under Section 7 of Insolvency and Bankruptcy Code, 2016.

On 1st September 2018, Pan India Network Limited had entered into a loan agreement with Sagar E Shop Private Limited where it requested Sagar E Shop Private Limited for interest bearing loan to the extent of Rs.2,25,00,000/- @ 18% p.a. and promised to repay by 30th April, 2019. Though Pan India Network Limited availed the credit facilities but failed to repay the outstanding dues. Several letters and reminders were sent to Pan India Network Limited which they fail to honor, hence the petition.

The ledger account shown by Sagar E Shop Private Limited clearly shows that the amount claimed in the petition is in consonance with the ledger account. After hearing both sides, the learned counsel appearing for the Corporate Debtor had candidly admitted the liability as well as default and expressed her no objection to admission of this Petition. This marks the successful admission of The Corporate Insolvency Resolution Process of Pan India Network Limited.

What has happened to Playwin from the Pan India Network – discover the full story behind Playwin’s demise here

PlayWin Lottery

These days there are many different online lottery sites you can play at from India – the first was PlayWin lottery. It started its online lotto service in November 2001 and has been bringing lottery games to the Indian public ever since. It’s run by the Sikkim Government and promoted by the well-known Essel Group through the Pan India Network Ltd. Let’s take a deeper at look at what the PlayWin lottery site can offer you, beginning with the selection of online lotto games.

PlayWin Lottery Games

Unlike some of the other online lotto sites featured on Lucky Dice, Playwin offer just the 4 games to customers. And these four games are purely lottery, as the site doesn’t feature any online casino games from software providers. If you are more interested in playing casino games then we suggest you take a look at our 22bet India review instead.

Jaldi 5 Lotto

First up, we have the Jaldi 5 Lotto game which is structured like any standard lottery. To play the game you have to buy a ticket after choosing 5 numbers between 01 and 36. This ticket will cost you just ₹13, and of course you aren’t limited to just buying one – you can purchase as many as you wish. The draw for this lottery takes place every Friday between 22:00 and 22:30 and can be viewed on the PlayWin website.

So what can you win? Well if you are lucky enough to correctly choose 5 numbers you’ll scoop the jackpot prize which sits at Rs. 5 Lakhs. If nobody claims this prize then the they look to see if anybody has matched 4 numbers correctly. Unfortunately the most you can win from 4 correct numbers is Rs. 1 Lakh.

» Dedicated site & app for India
» Accepts INR
» The world’s best games

Jaldi 5 Double Lotto

Next up, is the Jaldi 5 Double Lotto. How is this different to the Jaldi 5 Lotto we hear you ask? Well, it does exactly what it says in the name really – the ticket price and the prize money are double what they are in the standard game!

All the process is the same, choose 5 numbers between 01 and 36 and buy a ticket online. But this time it will cost you ₹25 with the jackpot prize jumping up to Rs. 10 Lakhs. After buying your tickets check out the draw online every Wednesday between 21:30 and 22:00.

Thunderball

The PlayWin version of the US hit lottery Powerball is very similar in it’s design and is what we call a rollover lottery. That means if the jackpot isn’t claimed, the prize money will be rolled over to the following week’s draw.

In this online lotto game you need to buy a ticket after choosing 5 numbers between 01 and 42. In addition to that you will also have to select a Thunderball number between 01 and 15. The ticket will cost you ₹20 and the jackpot begins at Rs. 1.05 Crores. Make sure you purchase your lotto tickets on PlayWin in time for the draw which takes place between 22:00 and 22:30 every Tuesday.

Saturday Super Lotto

Finally we have the suitably-named Super Lotto which takes place every Saturday between 22:00 and 22:30 live on the PlayWin Lottery website. To buy a ticket for this lottery it will cost you ₹20 but this time you will need to pick 6 numbers between 01 and 49, meaning you are less likely to win. However, if you are lucky enough to get all 6 correct you will scoop the jackpot prize that begins at Rs. 2.05 crores. Once again if there is no winner the jackpot will rollover to the following week.

Can you trust MyPlayWin Lottery?

The short and simple answer is yes. As we mentioned earlier on in this article, the MyPlayWin lottery website is run by the Sikkim Government. So if we can’t trust them, who can we trust? As long as it’s legal to play lottery in the state you live in then there won’t be any issues.

Conclusion

MyPlayWin Lottery website in summary is a pretty decent option if you want to play online lotto from India. As well as offering the four main games we’ve spoken about, they also offer Keno and a number of other online casino features. If you want to play some of the biggest online lottery games from around the world then you should visit another site like The Lotter. However, if you want an Indian feel then give it a go.

» Dedicated site & app for India
» Accepts INR
» The world’s best games

Read about PlayWin Lottery in India and find out which lotto games you can play. Click HERE to vistit MyPlayWin website & play for the JACKPOT prizes… ]]>