Matka needs positive word-of-mouth to generate revenue. The film was released on November 14 in Telugu, Tamil, Malayalam, Kannada, and Hindi. Karuna Kumar of Palasa fame directed this film. Meenakshi Chaudhary is the heroine. Ajay Ghosh, Ravi Shankar, and Nora Fatehi played other key roles. GV Prakash Kumar composed the music for Matka, produced by Vijender Reddy Teegala and Rajani Talluri.
Matka is based on the life of gangster Ratan Khatri. The story revolves around how Ratan Khatri, from an oppressed community, rose to become a gangster through the illegal Matka gambling. Varun Tej plays the role of Ratan, also known as Matka Vasu. Audience reviews suggest Matka is an average movie. The periodic setup, sets, and artwork effectively reflect the era.