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Sports Totos Special Draw Will Be Less Than Expected PETALING JAYA 6 DECEMBER The governments decision to cut special draws conducted by numberprediction operators NFO from 22 to eight per annum is expected to have a less of an impact on the earnings of Sports Toto Bhd than anticipated Hong Leong Investment Bank Research stated that it was not too concerned as special draws generally have lower sales They also frequently be a threat to the sales of normal draws Lotteries in India The revenues from lottery games are a significant part of the budgets of many states It is also a popular form of entertainment among Indias rapidly expanding mobilesavvy and techenabled population But this group is faced with a number of structural obstacles that hinder it from expanding further These issues can be addressed by addressing taxation issues and pushing for widespread digitalization Statelevel legal positions regarding lotteries range from allowing them to banning completely Some states have a more relaxed position however the majority are stricter in terms of ticket prices as well as technology and jackpot size as well as public image These restrictions affect the success of governmentrun lotteries 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 follow the digital boom that has transformed all other industries of the economy Digitization will not only facilitate new ways to play however it will also allow Indian players to purchase tickets This will impact the parallel offline 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 digital infrastructure in India and the high cost of internet access impeded the development of the lottery business in India Today 750 million Indians have access to internet at a low cost which increases their purchasing capacity and ease of access The result is expected to be a shift in the markets structure with online and offline segments interacting sidebyside Lottery players will find it easier to buy tickets online and to play from any part of the country The Consumer Protection Act also provides the legal framework to settle complaints about deceptive advertisements and other business practices This ensures that lottery players arent exploited by fraudulent operators While the majority of Stateapproved lotteries are administered by central government officials There are a few States have licensed private companies independent of the government to conduct their draws These private lotteries are more flexible in price of tickets jackpot sizes and other aspects and may be more attractive to investors from abroad They also can avoid the restrictions of legislation that is a statelevel like the prohibition on sales across state lines One case that stands out is the Essel Groups Playwin licensed to operate the Sikkim state lottery The company was plagued with financial issues due to the introduction of GST which caused an increase in ticket sales The company is now facing bankruptcy procedures Private lotteries remain popular in India despite the risks particularly among younger generation They can be played from smartphones computers and TVs and the payouts are typically greater than those offered by regular lotteries Many consumers are concerned about the safety and security provided by these platforms They are also concerned about the risk of sharing their personal information 토토 꽁머니 is working hard to address these concerns through new regulations and responsible gaming Notifying any suspicious activity can aid the general public
