Sports Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6): The government's decision to reduce special draws according to number forecast operators (NFO) to eight per year from 22 is likely to impact earnings of Sports Toto Bhd, which is less than what was anticipated. Hong Leong Investment Bank Research said it was not too concerned as special draws typically have lower sales and often will eat away at sales from regular draws.
Lotteries in India
Lottery revenue is a major portion of the budgets of many states. It is also a popular method of entertainment for India's rapidly growing, tech-savvy and mobile-savvy population. This segment is hindered by a myriad of structural obstacles which prevent it from expanding. Fine-tuning taxation issues and pushing for mass digitization could go a long way toward solving these problems.
The legal position of the state on lotteries can range from allowing them to ban them completely. Some states have a more permissive position, however the majority are stricter in terms of ticket prices as well as technology and jackpot size, as well as public image. These constraints affect the success of both government-run and private lotteries. However, their popularity is maintained due to their low cost and widespread availability, granting them an advantage over illegal gambling operations and offshore operators.
The lottery industry is expected to be a part of the digital revolution that has transformed all other areas of the economy. Alongside facilitating new forms of play, digitization will also make purchasing tickets faster and more efficient for Indian customers. This will have an impact on the offline lottery, a parallel dimension, where a lot of players are still used to purchasing tickets in person at local sales points.
In the past, the absence of a national digital infrastructure and the high cost of internet access hindered the growth of the lottery business in India. Today, 750 million Indians have access to internet at a low cost, which increases their purchasing power and convenience. The result is likely to result in a change in the market's structure with offline and online segments interacting side-by-side.
Lottery players can now buy tickets online, 토토 꽁머니 (https://to-topia.Com/) and play from anywhere within the country. The Consumer Protection Act also provides an legal framework for settling complaints about misleading advertisements and other business practices. This ensures that the lottery participants won't be abused by fraudulent operators.
While the majority of lotteries are run by the central government, a small number of states have private companies licensed to conduct their draws. Private lotteries are more flexible in terms of their ticket pricing as well as jackpot size and other factors, and could be more appealing to international investors. They can also avoid the restrictions of legislation that is a state-level including the prohibition on sales across state lines.
Playwin is an affiliate of the Essel Group, is licensed to run the Sikkim State Lottery. The company was facing financial challenges after the introduction of GST. This resulted in a decline in ticket sales. The company is now facing insolvency procedures. Private lotteries are still very popular in India despite the risks especially for younger generations. They can be played on mobile devices, computers and even televisions. The winnings are generally higher than regular lotteries. Many consumers are concerned about the safety and security that these platforms provide. They are concerned about the possibility of exposing personal information. The government is working hard to address these concerns through new regulations and responsible gaming. Reporting any suspicious activity can aid the general public.