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Sports Totos Special Draw Will Be Less Than Expected PETALING JAYA Dec 6 The governments decision of reducing special draws based on number forecast operators NFO to eight per year from 22 is likely impact earnings of Sports Toto Bhd which is less than what was anticipated Hong Leong Investment Bank Research said it was not overly concerned as special draws typically have lower sales and frequently will eat away at sales from regular draws Lotteries in India Lottery revenues are a significant part of the budgets of many states It is also a popular form of entertainment for Indias expanding mobilesavvy and techenabled population This segment is hampered by a myriad of structural obstacles which prevent it from expanding The finetuning of taxation issues and pushing for widespread digitization could go a long way toward solving these problems The Statelevel legal stance regarding lotteries can range from allowing lottery games to banning them completely Some states have a more relaxed policy but the majority are more strict in regards to ticket prices and technology and jackpot size as well as public image These restrictions affect the performance of lotteries run by governments as well as private lotteries as well as private Regardless their popularity persists due to their low cost and widespread availability granting them an advantage over illegal gambling operations and offshore operators The lottery industry is likely to be a part of the digital revolution which has transformed other areas of the economy Aside from facilitating new modes of play digital technology will also make the process of buying tickets quicker and more efficient for Indian consumers This will impact the offline parallel lottery dimension where a lot of players are still used to purchasing tickets in person at the local sales point In the past the absence of a national digital infrastructure and high cost of internet access impeded the development of the lottery industry in India However today there are 775 million Indians have access to lowcost internet access which has increased their purchasing power and convenience The result is expected to result in a change in the markets structure with offline and online segments interacting sidebyside Lottery players will find it easier to purchase tickets online and play from any part of the country Additionally the Consumer Protection Act offers a legal framework for resolving complaints regarding deceptive advertising and other business practices This ensures that players will not be cheated by untrustworthy operators While the majority of Stateapproved lotteries are administered by central government authorities However a handful of States have licensed private companies independent of the government to conduct their drawings Private lotteries are more flexible with their ticket prices jackpot size and other factors They could also be more appealing to foreign investors They can also avoid the restrictions of legislation that is a statelevel including the prohibition on sales across state lines 메이저사이트 involves the Essel Groups Playwin licensed to operate the Sikkim state lottery The company faced financial difficulties following the introduction of GST This led to the decline in ticket sales The company is now facing insolvency procedures Despite the dangers however private lotteries continue be popular in India particularly among younger generations They can be played on mobile devices computers and even on televisions The prizes are usually higher than the regular lotteries However many players have doubts about the security and safety of these platforms They are also worried about the possibility of their personal information being disclosed 토토사이트 is working hard to address these concerns through new regulations and responsible gaming The act of reporting any suspicious activity could assist the general public