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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA (Dec 6) The government's decision of reducing special draws based on number forecast operators (NFO) to eight per year from 22 is likely impact the earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it wasn't too concerned as special draws typically have lower sales and frequently cannibalise sales from normal draws. Lotteries in India Lottery revenue is a major part of the budgets of a variety of states. It is also a very popular form of entertainment for India's rapidly expanding mobile-savvy, tech-savvy and tech-savvy populace. This market is hampered by a variety of structural obstacles that prevent it from expanding. These issues can be addressed by addressing taxation issues and pushing for widespread digitalization. The legal position of the state regarding lotteries range from allowing them to banning completely. While some have an open-minded approach but the majority are strict in regards to ticket prices and the use of technology and jackpot size as well as public image. These restrictions hinder the success of government-run lotteries and private lotteries. Regardless, their popularity persists thanks to affordable tickets and widespread availability, which gives them an advantage over illegal gambling operations and offshore operators. As the digital revolution transforms all other segments of the economy, it's expected that the lottery industry will follow suit. Digitization will not just provide new ways to play and win, but will also allow Indian consumers to purchase tickets. This will impact the offline lottery, in which the majority of players are still accustomed to buying tickets at local sales points. In the past, India's lottery industry was hampered by the expensive cost of internet access and lack of an infrastructure for digital. Today, 750 millions Indians have access to internet at a low cost which boosts their purchasing power and convenience. The result will be a shift in market structure with 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 about deceptive advertisements and other business practices. This ensures that players will not be cheated by fraudulent operators. While the majority of lotteries are run by the central government, a few of states have licensed private companies to conduct their draws. Private lotteries are more flexible with their ticket prices, jackpot size and other aspects. They could also be more attractive to foreign investors. They can also avoid the restrictions of legislation that is a state-level including the prohibition on cross-State sales. One case that stands out is the Essel Group's Playwin licensed to run the Sikkim state lottery. The company faced financial difficulties after the introduction of GST. This led to the decline in ticket sales. The company is currently facing insolvency procedures. Despite the risk, private lotteries continue to be popular in India particularly among younger generations. They can be played using smartphones, computers and televisions and the prizes are generally greater than those offered by regular lotteries. ????? ?? are concerned about the security and safety that these platforms provide. They are concerned about the danger of sharing their personal data. The government is trying to tackle these concerns by adopting new regulations and encouraging responsible gaming. The public can assist by notifying any suspicious activity to the authorities.
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