Sports Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6): The government's decision to cut special draws by number forecast operators (NFO) to eight per year from 22 is likely impact earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too concerned, as special draws usually have lower sales. They can also often cannibalise the sales of normal draws.
Lotteries in India
Lottery revenues are a significant portion of the budgets of several states. It is also a popular form of entertainment in India's growing, mobile-savvy, and tech-savvy population. This segment is hindered by a number structural barriers that prevent it from expanding. Achieving a better tax system and pushing for widespread digitization could help in solving these issues.
The legal position of the state regarding lotteries range from allowing them to banning completely. Some states have a more relaxed stance, but most are more strict with regards to ticket prices and technology and jackpot size as well as public image. These restrictions affect the success of both government-run and private lotteries. Their popularity continues to grow despite the fact that tickets are cheap and widely accessible, giving them an edge over illegal gambling operations or offshore operators.
As the digital revolution transforms all other segments of the economy, it's likely that the lottery industry will be the same. Alongside facilitating new forms of playing, digitization will also make buying tickets quicker and more practical for Indian players. This will impact the offline lottery, where the majority of players are still accustomed to buying tickets from local sales points.
In the past, India's lottery industry was hampered by the expensive cost of internet access and the lack of an infrastructure for digital. Today, 750 million Indians have access to internet at a low cost, which increases their purchasing power and convenience. The result is expected to see a shift in the structure of the market, with offline and online segments coexisting side-by-side.
Lottery players will be able to purchase tickets online and to play anywhere in the country. The Consumer Protection Act also provides an legal framework for settling complaints regarding deceptive advertising and other business practices. This guarantees that lottery players will not be cheated by unscrupulous operators.
While the majority are managed by the central government, a small number of states have licensed private companies to conduct their draws. Private lotteries can be more flexible with their ticket prices, jackpot sizes and other parameters. They may 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.
One case that stands out is the Essel Group's Playwin, licensed to operate the Sikkim state lottery. The company was plagued by financial difficulties after the introduction of GST, which caused the sales of tickets to drop. The company is now in the process of filing for bankruptcy procedures. Private lotteries remain popular in India despite the risks, especially among the younger generation. They can be played on mobile devices, computers, and even on televisions. The payouts are typically higher than the regular lotteries. Many consumers are concerned about the security and safety offered by these platforms. 먹튀검증 사이트 are concerned about the danger of sharing their personal data. The government is working to tackle these concerns by creating new regulations and encouraging responsible gaming. The public can help by reporting any suspicious activity to the authorities.