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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 by number-prediction operators (NFO) from 22 to eight per year is expected to have less significant impact on Sports Toto Bhd's earnings than anticipated. 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 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. However, this segment is struggling with a myriad of structural barriers that prevent it from expanding even more. These issues could be solved by addressing taxation issues and pushing for widespread digitalization. The State-level legal stance regarding lotteries can range from allowing lotteries to completely banning them. Some states have a more relaxed position, however the majority are more strict in regards to ticket prices, technology, jackpot size and public image. 먹튀검증 사이트 affect the performance of both private and government-run lotteries. Their popularity continues to increase despite the fact that tickets are cheap and widely accessible and give them an advantage over illegal gambling operations or offshore operators. As the digital revolution transforms other areas of the economy, it's expected that the lottery industry will follow suit. Aside from facilitating new modes of play, digital technology will also make the process of purchasing tickets faster and more convenient for Indian consumers. This will affect the lottery that is played offline, where many players are still used to purchasing tickets at local sales points. In the past, the lack of a national digital infrastructure and the high cost of internet access impeded the development of the lottery business in India. Today, 750 millions Indians have access to internet at a low cost which boosts their purchasing power and convenience. The result is likely to result in a change in the market's structure, with offline and online segments interacting side-by-side. Lottery players can now buy tickets online, and play from anywhere within the country. Additionally, the Consumer Protection Act offers a legal framework for the resolution of complaints regarding deceptive advertising and other business practices. This ensures that players won't be exploited by untrustworthy operators. While the majority are run by the central government, a handful of states have licensed private companies to conduct their draws. Private lotteries are more flexible in the terms of their ticket pricing and jackpot size, as well as other parameters, and they might be more appealing to international investors. They also can avoid restrictions imposed by state-level laws, like the prohibition against cross-State sales. Playwin, part of the Essel Group, is licensed to run the Sikkim State Lottery. The company was facing financial challenges following the introduction of GST. This resulted in the decline in ticket sales. The company is now facing insolvency legal proceedings. Private lotteries are still very popular in India despite the risk particularly among younger generation. They can be played on mobile devices, computers, and even televisions. The payouts are typically higher than the regular lotteries. Many consumers are concerned about the safety and security provided by these platforms. They are concerned about the danger of sharing their personal information. The government is attempting to address these concerns by adopting new regulations and encouraging responsible gaming. The public can assist by notifying any suspicious activity to the authorities.