Once renowned for trying something new and garnering some respect for it, varun Tej has now finished a hat-trick of failures with Matka. He was responsible for three successive disasters: Matka, Gandeevadhari Arjuna, and Operation Valentine. Despite the fact that ghani was also a part of this run, Anil Ravipudi's f3 came as a relief. The audience's increasing disinterest in Varun's films is more concerning than Matka becoming a failure or catastrophe. This ought to be a serious issue, and he must rethink his career plan before it's too late.
The late 1950s marks the beginning of Matka. Vasu, played by varun Tej, is a Burmese refugee who arrives in Vizag. He quickly enters the criminal underworld and rises to prominence as a local businessman. However, he is introduced to the game of matka on an unexpected trip to Mumbai. Enticed by it, he brings it to vizag and quickly rises to the position of Matka king. However, everything that rises in life eventually falls. Vasu experiences the same thing, when the indian government threatens his Makta empire. The remainder of the narrative focuses on Vasu's eventual fate and how he saves his empire.
The film's narrative is one of its main flaws; it is old and boring. Matka is another movie that has a man who appears out of nowhere, turns into a criminal, rises from poverty to wealth, and makes enemies. The film's dreary and uninteresting first half is yet another flaw. Vasu's transformation from a minor criminal is shown in an uninteresting way. Matka is utterly devoid of the excitement necessary for such movies.