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 the earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research stated that it was not too worried, as special draws usually have lower sales. They also tend to 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 popular form of entertainment for India's growing, mobile-savvy and tech-enabled population. But, this group is faced with a number of structural barriers that stop it from growing even more. Fine-tuning taxation issues and pushing for mass digitization could help in settling these challenges.

The State-level legal stance on lotteries ranges from allowing them to banning them entirely. While some have a more permissive approach but the majority are strict in regards to ticket prices and technology as well as jackpot size and public image. These limitations affect the performance of both government-run and private lotteries. Their popularity continues to increase despite the fact that tickets are affordable and widely accessible which gives them an advantage over illegal gambling operations or offshore operators.

The lottery industry is likely to be a part of the digital revolution which has transformed other industries of the economy. In addition to enabling new ways of playing, digitization will also make purchasing tickets more efficient and convenient for Indian players. This will have an impact on the parallel, offline lottery dimension, where a lot of players are still used to purchasing tickets in person at local sales points.

In the past, India's lottery industry was hindered by the high cost of internet access and lack of a digital infrastructure. 토토사이트 추천 , 750 millions Indians have access to cheap internet, which increases their purchasing power and convenience. The result will be a shift in market structure with offline and online segments interacting.

Lottery players can now buy tickets online and play at any time within the United States. The Consumer Protection Act also provides a legal framework to resolve complaints regarding deceptive advertising and other business practices. This ensures that lottery players won't be exploited by fraudulent operators.


While the majority are run by the central government, a few of states have private companies licensed to manage their draws. Private lotteries are more flexible in price of tickets, jackpot sizes, and other aspects, and could be more appealing to investors from abroad. They also are able to avoid restrictions imposed by state-level legislation such as the prohibition of cross-State sales.

One of the most notable cases is the Essel Group's Playwin, licensed to operate the Sikkim state lottery. The company was plagued by financial issues after the introduction of GST which caused an increase in ticket sales. The company is now in the process of filing for bankruptcy proceedings. Private lotteries are still very popular in India despite the risk especially for younger generation. They can be played from smartphones, computers and televisions and the payouts are typically greater than those offered by regular lotteries. Many people are concerned about the safety and security offered by these platforms. They are concerned about the possibility of exposing their personal data. The government is working hard to address these concerns via new regulations and responsible gaming. Notifying any suspicious activity can aid the public.