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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 according to number forecast operators (NFO) to eight per year from 22 is likely to affect 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 often cannibalise sales from normal draws. Lotteries in India The lottery industry contributes a sizable amount to State budgets. It is also a popular type of entertainment among India's rapidly expanding, mobile-savvy, and tech-savvy population. This segment is hindered by a variety of structural obstacles which prevent it from expanding. Achieving a better tax system and pushing for mass digitization could help in solving these issues. State-level legal positions on lotteries vary from allowing them to banning completely. While some have a more permissive approach, most are restrictive in regards to ticket prices, technology use and jackpot size as well as public image. These restrictions affect the success of both private and government-run lotteries. Their popularity continues to grow despite the fact that tickets are inexpensive and widely available and give them an advantage over illegal gambling operations or offshore operators. The lottery industry is expected to follow the digital revolution, that has transformed all other sectors of the economy. Digitalization will not only provide new ways to play, but also facilitate Indian consumers to purchase tickets. This will affect 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 hindered by the high cost of internet access and lack of a digital infrastructure. Today, 750 million Indians have cheap internet access which boosts their purchasing power and convenience. The result is expected to result in a change in the market's structure with offline and online segments interacting side-by-side. Lottery players can now buy tickets online and play at any time within the country. Additionally, the Consumer Protection Act offers a legal framework for resolving complaints about deceptive advertising and other business practices. This ensures that lottery players won't be victimized by fraudulent operators. While the majority are managed by the central government, a small number of states have licensed private companies to manage their draws. Private lotteries can be more flexible with their tickets' prices, jackpots and other parameters. They could also be more appealing to foreign investors. They also are able to stay clear of restrictions enforced by state-level laws, like the prohibition on cross-State sale. Playwin is part of the Essel Group, is licensed to run the Sikkim State Lottery. ????? ??? faced financial difficulties after the introduction of GST. This resulted in the decline in ticket sales. The company is facing insolvency proceedings. Despite the risk, private lotteries continue to be popular in India, especially among younger players. They can be played on smartphones, computers, and even on televisions. The prizes are usually higher than regular lotteries. Many people are concerned about the safety and security that these platforms provide. They are concerned about the possibility of sharing their personal data. The government is attempting to address these concerns by adopting new regulations and encouraging responsible gaming. The public can assist by reporting any suspicious activity to the authorities.
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