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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA 6 DECEMBER The move by the government to reduce special draws run by number-prediction companies (NFO) from 22 to 8 per annum is expected to have less of an impact on the profits of Sports Toto Bhd than anticipated. Hong Leong Investment Bank Research said it was not too concerned because special draws usually have lower sales and often cannibalise sales from normal draws. Lotteries in India Lottery revenue is a major element of the budgets of many states. It is also a popular form of entertainment for India's growing, tech-savvy and mobile-savvy population. However, this segment struggles with a variety of structural barriers that prevent it from growing even more. Fine-tuning taxation issues and pushing for widespread digitization could help in settling these challenges. The legal position of the state on lotteries can range from allowing them to ban them completely. Some states have a more liberal stance, but most are more strict with regards to ticket prices and technology and jackpot size, as well as public image. These constraints affect the success of both government-run and private lotteries. Their popularity continues to grow despite the fact that tickets are affordable and widely accessible and give them an advantage over illegal gambling operations or offshore operators. As the digital revolution transforms other areas of the economy, it's highly likely that the lottery industry will follow suit. Digitization will not just provide new ways to play however, it will also allow Indian customers to purchase tickets. This will have an impact on the offline, parallel lottery dimension, where many buyers are still accustomed to buying tickets in person at local sales points. In the past, India's lottery industry was hindered by the high cost of internet access and the absence of an infrastructure for digital. Today there are 750 million Indians have access to low-cost internet services, which increases their purchasing power and convenience. This will result in a shift in market structure with both online and offline segments coexisting. Lottery players will find it easier to buy tickets online and to play from anywhere in the country. In addition the Consumer Protection Act offers a legal framework for resolving complaints about deceptive advertising and other business practices. This ensures that players will not be cheated by unscrupulous operators. While the majority are run by the central government, a small number of states have private companies licensed to conduct their draws. These private lotteries are more flexible in terms of their ticket pricing, jackpot sizes, and other factors, and could be more appealing to international investors. They can also be able to avoid restrictions that are imposed by state legislation, such as the prohibition on cross-State sale. One of the most notable cases is the Essel Group's Playwin licensed to run the Sikkim state lottery. The company was plagued with financial issues following the introduction of GST which caused the sales of tickets to drop. ?? ??? is now facing bankruptcy proceedings. Despite the dangers the private lotteries continue be popular in India particularly among younger generations. They can be played on mobile devices, computers, and televisions. The payouts are typically higher than traditional lotteries. However, a lot of players are concerned about the security and safety of these platforms. They are concerned about the possibility of sharing their personal information. The government is working hard to address these concerns through new regulations and responsible gaming. Notifying any suspicious activity can help the public.
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