Sports Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6): The government's decision to reduce special draws by number forecast operators (NFO) to eight per year instead of 22 is likely impact earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too worried, as special draws typically have lower sales. They also frequently be a threat to the sales of normal draws.
Lotteries in India
The revenues from lottery games are a significant part of the budgets of many states. It is also a popular type of entertainment in India's growing, mobile-savvy and tech-savvy population. This segment is hampered by a number structural barriers which prevent it from expanding. 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 on lotteries varies from permitting lotteries to completely banning them. Some states have a more permissive position, however the majority are stricter in terms of ticket prices, technology and jackpot size, as well as public image. These limitations affect the performance of both private and government-run lotteries. However, Learn Additional is maintained because of their low-cost tickets 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 which has transformed other areas of the economy. Alongside facilitating new forms of playing, digitization will also make the process of buying tickets quicker and more practical for Indian consumers. This will affect the offline lottery, in which the majority of players are still accustomed to buying tickets from local sales points.
In the past, India's lottery industry was hampered by the expensive cost of internet access as well as the lack of a digital infrastructure. Today there are 750 million Indians have access to affordable internet access, which has increased their purchasing power and convenience. The result will be a shift in the market structure, with both online and offline segments coexisting.
Lottery players will be able to buy tickets online and to play anywhere in the country. Additionally, the Consumer Protection Act offers a legal framework for resolving complaints about misleading advertising and other business practices. This guarantees that lottery players aren't abused by unscrupulous operators.
While the majority of lotteries that are approved by State authorities are run by central government officials However, a handful of States have licensed independent private companies to manage their lotteries. Private lotteries are more flexible in way they price tickets, jackpot sizes, and other aspects, and might be more appealing to investors from abroad. They can also avoid restrictions of legislation that is a state-level like the ban on cross-State sales.
Playwin, an affiliate of the Essel Group, is licensed to run the Sikkim State Lottery. The company had financial problems after the introduction of GST. This led to an increase in ticket sales. The company is now in the process of filing for bankruptcy procedures. Despite the dangers however, private lotteries continue be popular in India especially among the younger generations. They can be played on mobile devices, computers, and televisions. The payouts are typically higher than the regular lotteries. Many players are concerned about the security and safety provided by these platforms. They are also concerned about the risk of personal information being disclosed. The government is working to address these concerns by implementing new regulations and promoting responsible gaming. The public can help by reporting any suspicious activity to the authorities.