Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA, 6 DECEMBER: The government's decision to cut special draws conducted by number-prediction operators (NFO) from 22 to eight per year is expected to have a less of an impact on Sports Toto Bhd's earnings than was initially thought. Hong Leong Investment Bank Research said it was not worried, since special draws typically have lower sales. They can also often be a threat to the sales of normal draws. ??? ??? in India Lottery revenues are a significant part of the budgets of several states. ???? is also a popular form of entertainment in India's growing, mobile-savvy and tech-enabled population. However, this segment struggles with a variety of structural obstacles that hinder it from growing even more. Achieving a better tax system and pushing for widespread digitization could go a long way toward solving these problems. The legal position of the State on lotteries varies from permitting lottery games to banning them completely. While some states have more discretionary policies however, the majority are stifling in regards to ticket prices and technology as well as jackpot size and public image. These constraints affect the success of both private and government-run lotteries. However, their popularity 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 boom transforms other areas of the economy, it's expected that the lottery industry will be the same. In addition to enabling new ways of playing, digitization will also make purchasing tickets faster and more practical for Indian customers. This will impact the offline lottery, in which many players still have to buying tickets from local sales points. In the past, the lottery industry in India was hindered by the high cost of internet access as well as the lack of an infrastructure for digital. Today there are 775 million Indians have access to cheap internet services, which increases their purchasing power and ease of use. The result will be a shift in the market structure with both offline and online segments coexisting. Lottery players will find it easier to buy tickets online and play anywhere in the country. The Consumer Protection Act also provides the legal framework to settle complaints regarding deceptive advertising and other business practices. This ensures that players aren't abused by untrustworthy operators. While the majority are run by the central government, a small number of states have licensed private companies to run their draws. These private lotteries are more flexible in the price of tickets and jackpot size, as well as other parameters, and they may be more attractive to international investors. They also can avoid restrictions imposed by state-level laws, like the prohibition against cross-State sales. Playwin is a subsidiary of the Essel Group, is licensed to run the Sikkim State Lottery. The company was plagued with financial problems after the introduction of GST which caused an increase in ticket sales. The company is now facing insolvency proceedings. Private lotteries remain popular in India despite the risk particularly among younger generations. They can be played using mobile devices, computers as well as TVs and the payouts are typically greater than those offered by regular lotteries. Many consumers are concerned about the safety and security offered by these platforms. They are concerned about the possibility of sharing their personal data. The government is attempting to address these concerns by implementing new regulations and promoting responsible gaming. Notifying any suspicious activity can help the public.
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