Your points would be in the quality deer category and could be applied for any hunts in that category in the future. And, if this is your first year applying, you will only have 1 point after the drawing, if you don't draw a permit.
The drawing is for a special permit, not a tag. The tag you have already purchased is your only tag. If you draw a special permit you will receive the permit in the mail and you will have to have that in your possession while hunting, along with your tag.