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Paresh Rawal as Lilaram
Lilaram is a lottery seller who takes great pleasure in boasting that he is the only literate person who can speak (though often erroneously) a few words of English, in the entire village. Lilaram is the mastermind, who right from the point of getting his hands on Late Anthony's winning lottery ticket till receiving all the money plans and executes every move.
Om Puri as Balwant alias Ballu
He is the village milkman who adulterates milk with water and manages to make some money. Villagers call him 'bahadur Balwant' while actually inside he is quite a chicken. Just to live up to his brave heart image, he keeps jumping in difficult situations. He maintains cordial and friendly relations with Lilaram and the villagers.
Ritesh Deshmukh as Kanhaiya
An adorable 21-22 year guy, Kanhaiya doesn't have any great job to do. He works as a full time servant at Balwant's house and gets abused and beaten in return. Why? It's because he is deeply in love with Balwant's daughter 'Sukhmani'.
Rima Sen as Sukhmani
Sukhmani, who is 23-24 years old is Balwant's only daughter. Well into the marriageable age, she hasn't been able to get married due to lack of dowry funds. So she stays at home and looks after her father Balwant.
Arbaaz Khan as Lottery Inspector
He is Jayesh Agrawal, the lottery inspector for 'Malaamal Weekly Lottery'. He is a simpleton who is miles away from all kinds of scams. A thorough metropolitan city guy, who gets a dust allergy the moment he comes to a village, he goes on a non stop sneezing spree.
Rajpal Yadav as Bajbahadur alias Bajey
The only brother and only relative of Thakurani: arrogant, defiant and obstinate. He gets love struck by Sukhmani and he wagers a bet with Kanhaiya that if at all Sukhmani will marry then it will be to him only.
Malamaal Weekly is about the struggles and survival of people in a small town. Plagued by poverty, bad harvests and a monster of a moneylender called Karamkali, the people in this town are barely able to make ends meet. Lilaram, one of the town's inhabitants, earns a meager source of income through his business of selling Malamaal Weekly Lottery Tickets. One day, while watching TV at a local tea stall, he learns that one of the tickets he had sold has in fact won the One Crore Rupees Bumper Prize. As most of the other villagers don't own a TV and are illiterate, Lilaram knows that he is privy to this information. The question is how to find that one ticket from the 105 he's sold. An idea hits him!
Lilaram throws a party : a virtual festivity for the people who are fighting to survive. Lilaram, already debt-ridden, manages to host this party at the expense of his one last asset - his goat kid, who is treated like a child by Lilaram's wife!!
Now, the party is only for his 105 customers on the condition that they bring along their tickets as an invite to the celebrations. As luck would have it, all turn up except one-Anthony the drunkard. Lilaram decides to pay him a visit. On reaching Anthony's house, he finds Anthony dead in front of the TV!! Too shocked on hearing about his victory Anthony is DEAD with the lottery ticket still in his hand!
What follows from thereon is a roller coaster ride of unusual events with surprising twists&turns at every stage. Extremely funny situations and hilarious circumstances lead to a culmination of a laugh riot climax which reveals the Malamaal Weekly Lottery winners...or losers!