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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 eight per year is expected to have a less of an impact on Sports Toto Bhd's earnings than initially anticipated. Hong Leong Investment Bank Research said that it isn't too worried, as special draws typically have lower sales. They also frequently reduce the sales of regular draws. Lotteries in India Lottery revenue is a major portion of the budgets of several states. It is also a popular form of entertainment for India's growing, mobile-savvy, and tech-enabled population. However, this segment struggles with a number of structural obstacles that hinder it from growing even more. The fine-tuning of taxation issues and pushing for mass digitization could be a significant step towards solving these issues. The legal position of the State on lotteries ranges from allowing lotteries to completely banning them. Some states have a more permissive position, however the majority are more strict in regards to ticket prices, technology and jackpot size, as well as public image. These restrictions impact the performance of lotteries run by governments as well as private ones. 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 boom transforms all other segments of the economy, it's likely that the lottery industry will also be transformed. Digitalization will not only provide new ways to play and win, but will also facilitate Indian consumers to purchase tickets. This will impact the offline lottery, where many players still have to buying tickets from local sales points. In the past, India's lottery industry was hindered by the high cost of internet access and the absence of a digital infrastructure. However, today more than 750 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 that will see both online and offline segments coexisting. Lottery players can now purchase tickets online, and play from anywhere within the United States. The Consumer Protection Act also provides a legal framework to resolve complaints regarding deceptive advertising and other business practices. This ensures that the lottery participants won't be abused by fraudulent operators. While ????? ?? of lotteries are run by the central government, a few of states have licensed private companies to manage their draws. Private lotteries can be more flexible with their ticket prices, jackpot sizes and other aspects. They can also be more attractive to foreign investors. They also can avoid restrictions imposed by state legislation, such as the prohibition against cross-State sales. Playwin, a subsidiary of the Essel Group, is licensed to run the Sikkim State Lottery. The company was plagued with financial issues after the introduction of GST, which caused the sales of tickets to drop. The company is currently facing insolvency legal proceedings. Private lotteries are still very popular in India despite the risks especially for younger generations. They can be played on mobile devices, computers and even televisions. The prizes are usually higher than the regular lotteries. Many people are concerned about the security and safety provided by these platforms. They are also concerned about the risk of personal data being exposed. The government is working to address these concerns with new regulations and responsible gaming. Notifying any suspicious activity can help the public.
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