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 to affect earnings of Sports Toto Bhd less than expected. Hong Leong Investment Bank Research said it was not overly concerned because special draws usually have lower sales, and frequently reduce sales from normal draws.
Lotteries in India
The lottery sector contributes a substantial amount to the State budgets. It is also a popular form of entertainment for India's growing, tech-savvy and mobile-savvy population. However, this segment is struggling with a number of structural barriers that prevent it from expanding even more. Fine-tuning taxation issues and pushing for widespread digitization could go a long way toward solving these problems.
토토피아 먹튀검증사이트 -wide legal stance on lotteries varies from permitting lottery games to banning them completely. Some states have a more relaxed stance, but most are more strict in regards to ticket prices as well as technology and jackpot size, as well as public image. These restrictions impact the effectiveness of lotteries run by government and private lotteries. However, their popularity is maintained thanks to affordable tickets and widespread availability, which gives 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. Alongside facilitating new forms of play, digital technology will also make purchasing tickets more efficient and convenient for Indian customers. This will affect the offline lottery, where many players are still used to purchasing tickets at local sales points.
In the past, the lack of a digital infrastructure in India and high cost of internet access impeded the development of the lottery industry in India. Today, 750 million Indians have access to affordable internet access, which has increased their purchasing power and convenience. The result is likely to be a shift in the structure of the market, with online and offline segments interacting side-by-side.
Lottery players will find it easier to purchase tickets online and 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 won't be exploited by untrustworthy operators.
While the majority are run by the central government, a few of states have licensed private companies to manage their draws. Private lotteries are more flexible in price of tickets, jackpot sizes, and other aspects, and might be more appealing to investors from overseas. They also can avoid the limitations of legislation at the state level, such as 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 had financial problems following the introduction of GST. This led to a decline in ticket sales. The company is now in the process of filing for bankruptcy legal proceedings. Private lotteries remain popular in India despite the risk especially for younger generation. They can be played from smartphones, computers as well as TVs and the payouts are typically higher than those of regular lotteries. However, many players are skeptical regarding the security and safety of these platforms. They are also concerned about the possibility of their personal data being exposed. The government is working to address these concerns by implementing new regulations and promoting responsible gaming. Reporting any suspicious activity can assist the public.