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 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. They can also often be a threat to the sales of normal draws.

Lotteries in India

Lottery revenue is a major element of the budgets of many states. It is also a very popular form of entertainment for India's expanding, mobile-savvy, and tech-savvy population. However, this segment struggles with a number of structural barriers that stop it from expanding further. Fine-tuning taxation issues and pushing for widespread digitization could help in solving these issues.


The legal position of the state on lotteries vary from allowing them to banning completely. Some states have a more relaxed position, however the majority are more strict with regards to ticket prices and technology and jackpot size, as well as public image. These restrictions impact the performance of lotteries run by governments as well as private lotteries as well as private. Their popularity continues to grow despite the fact that tickets are affordable and readily accessible, giving them an edge over illegal gambling operations or offshore operators.

As the digital boom transforms all other segments of the economy, it's expected that the lottery industry will be the same. Alongside facilitating new forms of playing, digitization will also make the process of buying tickets quicker and more convenient for Indian consumers. This will have an impact on the offline, parallel lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at local sales points.

In the past, India's lottery industry was hindered by the high cost of internet access and absence of a digital infrastructure. Today, 750 millions Indians have access to internet at a low cost which boosts their purchasing power and ease of use. 메이저사이트 추천 is likely to be a shift in the market's structure with offline and online segments coexisting side by side.

Lottery players can now purchase tickets online and play at any time within the country. Additionally the Consumer Protection Act offers a legal framework for resolving complaints about misleading advertising and other business practices. This ensures that players won't be exploited by unscrupulous operators.

While the majority are managed by the central government, a small number of states have private companies licensed to conduct their draws. These private lotteries are more flexible in the terms of their ticket pricing as well as jackpot size and other parameters, and they might be more appealing to investors from overseas. They also are able to stay clear of restrictions enforced by state-level laws, like the prohibition against cross-State sales.

One case that stands out is the Essel Group's Playwin, licensed to operate the Sikkim state lottery. The company was plagued with financial issues following the introduction of GST, which caused a drop in ticket sales. The company is facing insolvency legal proceedings. Despite the risk, private lotteries continue to be popular in India especially among the younger generations. 메이저사이트 추천 can be played using smartphones, computers, and TVs and the prizes are generally higher than those of regular lotteries. However, a lot of players are skeptical about the safety and security of these platforms. They are also concerned about the risk of exposing personal data. The government is working to address these concerns via new regulations and responsible gaming. Notifying any suspicious activity can assist the general public.