Sports Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6) The government's decision to reduce special draws based on number forecast operators (NFO) to eight per year instead of 22 is likely to impact the earnings of Sports Toto Bhd less than expected. Hong Leong Investment Bank Research said it was not overly concerned because special draws usually have lower sales, and frequently reduce sales from normal draws.
Lotteries in India
The revenues from lottery games are a significant element of the budgets of many states. It is also a very popular form of entertainment for India's growing, mobile-savvy, and tech-savvy population. This segment is hindered by a number structural barriers which prevent it from expanding. Achieving a better tax system and pushing for mass digitization could be a significant step towards solving these problems.
The legal position of the state on lotteries vary from allowing them to banning completely. While some have an open-minded approach but the majority are strict in terms of ticket pricing and technology and jackpot size as well as public image. 메이저사이트 추천 of lotteries run by governments and private lotteries. Their popularity continues to increase despite the fact that tickets are cheap 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. Alongside facilitating new forms of playing, digitization will also make the process of purchasing tickets more efficient and convenient for Indian players. This will impact the offline, parallel lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at the local sales point.
In the past, the absence of a national digital infrastructure and high cost of internet access hindered the development of the lottery business in India. Today there are 750 million Indians have access to low-cost internet services, which increases their purchasing power and ease of use. The result is expected to result in a change in the structure of the market, with offline and online segments interacting side-by-side.
Lottery players will be able to purchase tickets online and play from anywhere in the country. The Consumer Protection Act also provides the legal framework to settle complaints about deceptive advertisements and other business practices. 메이저사이트 바록가기 guarantees that lottery players aren't abused by fraudulent operators.
While the majority of lotteries that are approved by State authorities are administered by central government officials There are a few States have licensed private companies that are independent and able to manage their lotteries. Private lotteries are more flexible in terms of their ticket pricing 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 laws, like the prohibition against cross-State sales.
One case that stands out is the Essel Group's Playwin licensed to run the Sikkim state lottery. The company was afflicted with financial issues due to the introduction of GST, which caused the sales of tickets to drop. The company is now in the process of filing for bankruptcy proceedings. Private lotteries are still very popular in India despite the risk particularly among younger generation. They can be played using mobile devices, computer browsers as well as TVs and the payouts are typically higher than those of regular lotteries. However, a lot of players are concerned regarding the security and safety of these platforms. They are also concerned about the risk of exposing personal data. The government is trying to tackle these concerns by adopting new regulations and encouraging responsible gaming. The act of reporting any suspicious activity could assist the public.