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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA, 6 DECEMBER: The move by the government to reduce special draws run by number-prediction companies (NFO) from 22 to eight per annum is expected to have a less significant impact on the profits of Sports Toto Bhd than anticipated. Hong Leong Investment Bank Research said it was not overly concerned because special draws usually have lower sales and frequently will eat away at sales from regular draws. Lotteries in India The lottery industry contributes a sizable amount to the budgets of State governments. It is also a popular form of entertainment for India's growing, mobile-savvy, and tech-enabled population. This segment is hindered by a myriad of structural obstacles that prevent it from expanding. Fine-tuning taxation issues and pushing for widespread digitization could go a long way toward settling these challenges. State-level legal positions on lotteries vary from allowing them to banning them completely. While some states have a more permissive approach however, the majority are stifling regarding ticket pricing, technology use and jackpot size as well as public image. These restrictions hinder the effectiveness of lotteries run by government and private lotteries as well as private. Their popularity continues to increase despite the fact that tickets are affordable and widely available, giving them an edge over illegal gambling operations or offshore operators. The lottery industry is expected to follow the digital boom, that has transformed all other industries of the economy. In addition to enabling new ways of playing, digitization will also make buying tickets quicker and more convenient for Indian customers. This will impact the offline lottery, where many players are still used to purchasing tickets at local sales points. In the past, India's lottery industry was hampered by the high cost of internet access as well as the lack of an infrastructure for digital. However, please click the following web site than 775 million Indians have access to low-cost internet services, increasing their purchasing power and ease of use. The result is expected to be a shift in the market's structure with online and offline segments coexisting side by side. Lottery players will be able to buy tickets online and to play from any part of the country. The Consumer Protection Act also provides a legal framework to resolve complaints about deceptive advertisements and other business practices. This ensures that lottery players aren't abused by fraudulent operators. While the majority are run by the central government, a handful of states have licensed private companies to run their draws. Private lotteries are more flexible in the way they price tickets and jackpot size, as well as other factors, and might be more appealing to investors from overseas. They can also be able to avoid restrictions that are imposed by state-level legislation such as the prohibition on cross-State sale. Playwin, a subsidiary of the Essel Group, is licensed to manage 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 remain popular in India despite the risk especially for younger generation. They can be played on smartphones, computers as well as TVs and the prizes are generally greater than those offered by regular lotteries. However, a lot of players are skeptical about the security and safety of these platforms. They are also worried about the possibility of their personal data being exposed. The government is working hard to address these concerns via new regulations and responsible gaming. The public can assist by reporting any suspicious activity the authorities.