Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA 6 DECEMBER The government's decision to cut special draws conducted 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, as special draws typically have lower sales. They also tend to cannibalise the sales of normal draws. Lotteries in India Lottery revenue is a major portion of the budgets of a variety of states. It is also a very popular form of entertainment in India's expanding, mobile-savvy, and tech-savvy population. This market is hampered by a variety of structural obstacles which prevent it from expanding. Fine-tuning taxation issues and pushing for widespread digitization could help in settling these challenges. The state-wide legal stance on lotteries varies from permitting lotteries to completely banning them. While some states have an open-minded approach however, the majority are stifling regarding ticket pricing and technology as well as jackpot size and public image. These limitations affect the performance of both private and government-run lotteries. Their popularity continues to increase despite the fact that tickets are cheap and widely available which gives them an advantage over illegal gambling operations or offshore operators. The lottery industry is expected to be a part of the digital revolution that has transformed all other sectors of the economy. Aside from facilitating https://postheaven.net/bottlelow24/10-healthy-sports-toto-habits of play, digital technology will also make the process of purchasing tickets faster and more efficient for Indian players. This will affect the lottery that is played offline, where many players still have to purchasing tickets at local sales points. In the past, India's lottery industry was hindered by the high cost of internet access and the lack of a digital infrastructure. Today, 750 million Indians have access to cheap internet and this increases their buying power and convenience. This will result in an alteration in the structure of markets, with offline and online segments coexisting. Lottery players will be able to purchase tickets online and play from any part of the country. The Consumer Protection Act also provides a legal framework to resolve complaints about misleading advertisements and other business practices. This ensures that the lottery participants will not be abused by fraudulent operators. While the majority 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 the price of tickets as well as jackpot size and other parameters, and they may be more attractive to investors from abroad. They can also avoid limitations of legislation at the state level like the prohibition on sales across state lines. One notable case involves the Essel Group's Playwin licensed to run 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 facing insolvency procedures. Private lotteries are still very popular in India despite the risks especially for younger generation. They can be played on mobile devices, computers, and TVs, and prizes are usually higher than regular lotteries. Many players are concerned about the safety and security provided by these platforms. They are also concerned about the risk of exposing personal data. The government is trying to address these concerns by adopting new regulations and encouraging responsible gaming. Reporting any suspicious activity can help the public.