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Sports Toto's Special Draw Will Be Less Than Expected

PETALING JAYA (Dec 6): The government's decision to cut special draws based on number forecast operators (NFO) to eight per year from 22 is likely to impact the earnings of Sports Toto Bhd, which is less than what was anticipated. Hong Leong Investment Bank Research said it was not too concerned since special draws generally have lower sales, and frequently cannibalise sales from normal draws.

Lotteries in India


The lottery sector contributes a substantial amount to the budgets of State governments. It is also a popular form of entertainment for India's expanding, mobile-savvy, and tech-enabled population. But, this group is faced with a myriad of structural barriers that stop it from expanding even more. These issues can be addressed by addressing taxation issues and pushing for mass digitalization.

The state-wide legal stance on lotteries varies from permitting lottery games to banning them completely. Some states have a more liberal stance, but most are stricter in terms of ticket prices, technology and jackpot size as well as public image. These restrictions affect the success of government-run lotteries and private ones. However, funny post is maintained because of their low-cost tickets and widespread availability, which gives them an advantage over illegal gambling operations and offshore operators.

As the digital revolution transforms other areas of the economy, it's expected that the lottery industry will also be transformed. Alongside facilitating new forms of playing, digitization will also make the process of purchasing tickets more efficient and efficient for Indian consumers. This will have an impact on the parallel, offline lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at the local sales point.

In the past, the absence of a digital infrastructure in India and the high cost of internet access hindered the growth of the lottery business in India. Today more than 775 million Indians have access to low-cost internet services, which increases their purchasing power and convenience. The result is expected to be a shift in the structure of the market, with online and offline segments interacting side-by-side.

Lottery players will be able to purchase tickets online and play from anywhere in the country. The Consumer Protection Act also provides an legal framework for settling complaints regarding deceptive advertising and other business practices. This ensures that lottery players won't be exploited by untrustworthy operators.

While the majority of lotteries that are approved by State authorities are run by central government officials However, a handful of States have licensed independent private companies to conduct their draws. Private lotteries are more flexible in their ticket prices, jackpot sizes and other aspects. They may also be more appealing to foreign investors. They can also avoid the limitations of legislation at the state level, such as the prohibition on cross-State sales.

One notable case involves the Essel Group's Playwin licensed to run the Sikkim state lottery. The company was afflicted with financial difficulties after the introduction of GST which led to a drop in ticket sales. The company is now facing insolvency procedures. Private lotteries remain popular in India despite the risks particularly among younger generations. They can be played on mobile devices, computers, and even televisions. The payouts are typically higher than the regular lotteries. However, many consumers are concerned about the safety and security of these platforms. They are also concerned about the possibility of their personal information being disclosed. The government is attempting to tackle these concerns by creating new regulations and encouraging responsible gaming. Notifying any suspicious activity can help the general public.

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