Sports Toto's Special Draw Will Be Less Than Expected

PETALING JAYA 6 DECEMBER The government's move to reduce special draws conducted by number-prediction operators (NFO) from 22 to 8 per annum is expected to have a less of an impact on Sports Toto Bhd's earnings than initially anticipated. Hong Leong Investment Bank Research said it was not overly concerned since special draws generally have lower sales and often reduce sales from normal draws.

Lotteries in India


The lottery industry contributes a sizable amount to the State budgets. It is also a very popular form of entertainment for India's growing, mobile-savvy and tech-enabled 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 issues.

The state-wide legal stance on lotteries varies from permitting them to banning them entirely. Some states have a more permissive policy, but the majority are more strict with regards to ticket prices as well as technology, jackpot size and public image. These limitations affect the performance of both government-run and private lotteries. However, their popularity continues because of their low-cost tickets and widespread availability, which gives them an advantage over illegal gambling operations and offshore operators.

As the digital boom transforms all other segments of the economy, it's highly likely that the lottery industry will follow suit. In addition to enabling new ways of playing, digitization will also make buying tickets quicker and more practical for Indian players. This will have an impact on the offline lottery, a parallel aspect, where a large number of buyers are still accustomed to buying tickets in person at sales points in their local area.

In the past, the absence of a national digital infrastructure and high cost of internet access hindered the development of the lottery industry in India. Today, 750 millions Indians have access to internet at a low cost which boosts their purchasing capacity and ease of access. The result is likely to see a shift in the structure of the market, with online and offline segments coexisting side by side.

Lottery players can now buy tickets online, and play at any time within the United States. Additionally the Consumer Protection Act offers a legal framework for the resolution of complaints about misleading advertising and other business practices. This ensures that lottery players will not be cheated by unscrupulous operators.

While the majority of lotteries are run by the central government, a few of states have private companies licensed to manage their draws. Private lotteries can be more flexible in their ticket prices, jackpot sizes and other factors. They can also be more attractive to foreign investors. They also can avoid restrictions imposed by state-level legislation such as the prohibition of cross-State sales.

Playwin, part of the Essel Group, is licensed to run the Sikkim State Lottery. The company faced financial difficulties following the introduction of GST. This led to an increase in ticket sales. The company is now facing insolvency legal proceedings. Private lotteries are still popular in India despite the risk particularly among younger generation. They can be played on mobile devices, computers, and even on televisions. The winnings are generally higher than the regular lotteries. However, many consumers have doubts regarding the security and safety of these platforms. They are concerned about the danger of exposing their personal data. The government is working to solve these issues by creating new regulations and encouraging responsible gaming. 토토사이트 of reporting any suspicious activity could aid the public.