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 year is expected to have less significant impact on the earnings of Sports Toto Bhd than initially anticipated. Hong Leong Investment Bank Research said it was not too concerned because special draws usually have lower sales and often will eat away at sales from regular draws.
Lotteries in India
The lottery sector contributes a significant amount to the budgets of State governments. It is also a very popular form of entertainment for India's growing, mobile-savvy and tech-enabled population. This market is hampered by a number structural barriers that hinder its growth. These issues could be solved by addressing taxation issues, and pushing for mass digitalization.
State-level legal positions on lotteries vary from allowing them to banning completely. While some have an open-minded approach but the majority are strict in terms of ticket pricing and technology as well as jackpot size and public image. These restrictions hinder the performance of lotteries run by governments as well as private lotteries. However, their popularity continues due to their low cost and widespread availability, which gives them an advantage over illegal gambling operations and offshore operators.
As the digital revolution transforms all other segments of the economy, it's expected that the lottery industry will follow suit. Digitization will not only facilitate new ways to play, but also allow Indian consumers to purchase tickets. This will affect the offline lottery, where many players are still used to buying tickets from local sales points.
In the past, the lack of a digital infrastructure in India and high cost of internet access impeded the growth of the lottery business in India. Today there are 775 million Indians have access to affordable internet services, increasing their purchasing power and ease of use. This will result in a shift in the market structure with offline and online segments coexisting.
Lottery players will find it easier to buy tickets online and play anywhere in the country. In addition the Consumer Protection Act offers a legal framework to resolve complaints regarding deceptive advertising and other business practices. This ensures that the lottery participants will not be victimized by unscrupulous operators.
While 토토사이트 순위 are managed by the central government, a handful of states have licensed private companies to conduct their draws. These private lotteries are more flexible in way they price tickets and jackpot size, as well as other parameters, and they may be more attractive to international investors. They also can avoid restrictions imposed by state-level legislation such as the prohibition of cross-State sales.
Playwin is part of the Essel Group, is licensed to run the Sikkim State Lottery. The company faced financial difficulties after the introduction of GST. This led to an increase in ticket sales. The company is now facing bankruptcy proceedings. Private lotteries remain popular in India despite the risk especially for younger generations. They can be played from smartphones, computers as well as TVs and the prizes are generally higher than those of regular lotteries. However, a lot of players are concerned about the safety and security of these platforms. They are also concerned about the possibility of their personal information being exposed. The government is trying to tackle these concerns by creating new regulations and encouraging responsible gaming. The public can help by reporting any suspicious activity the authorities.