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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA 6 December The government's decision to cut special draws by number-prediction operators (NFO) from 22 to eight per annum is expected to have a less of an impact on the profits of Sports Toto Bhd than initially anticipated. Hong Leong Investment Bank Research said it was not worried, since special draws usually have lower sales. They also tend to cannibalise the sales of normal draws. Lotteries in India The lottery sector contributes a substantial amount to the State budgets. It is also a popular form of entertainment for India's growing, mobile-savvy and tech-savvy population. This segment is hampered by a number structural barriers which prevent it from expanding. These issues could be solved by addressing taxation issues and pushing for widespread digitalization. The state-wide legal stance on lotteries ranges from allowing them to banning them entirely. While some states have a more permissive approach but the majority are strict regarding ticket pricing, technology use as well as jackpot size and public image. These restrictions impact the success of government-run lotteries and private ones. Their popularity continues to grow despite the fact that tickets are cheap and readily available and give them an advantage over illegal gambling operations or offshore operators. As the digital revolution transforms all other segments of the economy, it's highly likely that the lottery industry will also be transformed. Aside from facilitating new modes of play, digitization will also make purchasing tickets more efficient and practical for Indian customers. This will impact the parallel, offline lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at local sales points. In the past, the absence of a digital infrastructure in India and the high cost of internet access impeded the growth of the lottery industry in India. Today, 750 million Indians have access to internet at a low cost which boosts their purchasing power and ease of use. This will result in a shift in market structure with offline and online segments coexisting. Lottery players will find it easier to buy tickets online and to play from anywhere in the country. The Consumer Protection Act also provides a legal framework to resolve complaints about deceptive advertisements and other business practices. This ensures that players won't be exploited by fraudulent operators. While the majority of lotteries approved by the State are administered by central government officials However, a handful of States have licensed independent private companies to conduct their draws. Private lotteries are more flexible in the price of tickets and jackpot size, as well as other aspects, and might be more appealing to investors from abroad. They also are able to be able to avoid restrictions that are imposed by state legislation, such as the prohibition on cross-State sale. 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 the sales of tickets to drop. The company is now facing bankruptcy legal proceedings. Despite the risks however, private lotteries continue be popular in India especially among the younger generations. They can be played on mobile devices, computers, and even on televisions. The winnings are generally higher than regular lotteries. However, many consumers are skeptical regarding the security and safety of these platforms. ???? are concerned about the danger of exposing personal information. The government is working to address these concerns with new regulations and responsible gaming. The public can assist by notifying any suspicious activity to the authorities.
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