Sports Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6): The government's decision to cut special draws based on number forecast operators (NFO) to eight per year from 22 is likely impact the earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too concerned since special draws generally have lower sales and often cannibalise sales from normal draws.
Lotteries in India
The lottery sector contributes a sizable amount to State budgets. It is also a popular form of entertainment in India's growing, mobile-savvy and tech-savvy population. However, this segment is struggling with a myriad of structural barriers that prevent it from expanding further. Achieving a better tax system and pushing for widespread digitization could go a long way toward solving these problems.
The legal position of the state regarding lotteries range from allowing them to banning them completely. While some 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 affect the effectiveness of lotteries run by government and private lotteries. Their popularity continues to increase despite the fact that tickets are inexpensive and readily accessible and give them an advantage over illegal gambling operations or offshore operators.
The lottery industry is expected to be a part of the digital revolution which has transformed all other industries of the economy. In addition to enabling new ways of playing, digitization will also make buying tickets quicker and more efficient for Indian consumers. This will have an impact on the parallel, offline lottery aspect, where a large number of buyers are still used to purchasing tickets in person at the local sales point.
In the past, the lottery industry in India was hampered by the expensive cost of internet access and lack of an infrastructure for digital. Today more than 775 million Indians have access to affordable internet services, which increases their purchasing power and convenience. The result is likely to result in a change in the structure of the market, with online and offline segments interacting side-by-side.
Lottery players can now buy tickets online and can play anywhere in the United States. In addition the Consumer Protection Act offers a legal framework to resolve complaints regarding deceptive advertising and other business practices. This ensures that lottery players aren't abused by fraudulent operators.
While 토지노 사이트 of lotteries are run by the central government, a few of states have licensed private companies to manage their draws. Private lotteries can be more flexible with their ticket prices, jackpot sizes and other parameters. They can also be more appealing to foreign investors. They can also avoid the restrictions of state-level legislation including the prohibition on cross-State sales.
One case that stands out is the Essel Group's Playwin licensed to run the Sikkim state lottery. The company was plagued by financial problems due to the introduction of GST which led to a drop in ticket sales. The company is now in the process of filing for bankruptcy procedures. Private lotteries are still very popular in India despite the risk particularly among younger generations. They can be played from mobile devices, computers as well as TVs and the payouts are typically higher than regular lotteries. Many players are concerned about the security and safety offered by these platforms. They are also concerned about the risk of their personal information being exposed. The government is attempting to address these concerns by creating new regulations and encouraging responsible gaming. The public can help by reporting any suspicious activity to the authorities.