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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 year is expected to have less significant 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 frequently will eat away at sales from regular draws. Lotteries in India The lottery sector contributes a sizable amount to the budgets of State governments. It is also a popular form of entertainment among India's rapidly expanding, mobile-savvy, and tech-enabled population. This market is hampered by a myriad of structural obstacles which prevent it from expanding. These issues could be solved by addressing taxation issues and pushing for mass digitalization. The State-level legal stance on lotteries varies from permitting lottery games to banning them completely. Some states have a more relaxed stance, but most are more strict in regards to ticket prices, technology and jackpot size as well as public image. These restrictions affect the performance of lotteries run by governments as well as private lotteries. Regardless, their popularity persists due to their low cost and widespread availability, granting them an advantage over illegal gambling operations and offshore operators. The lottery industry is likely to follow the digital boom, that has transformed all other industries of the economy. Digitization will not just provide new ways to play and win, but will also allow Indian consumers to purchase tickets. This will have an impact on the offline lottery, a parallel dimension, where many buyers are still used to purchasing tickets in person at sales points in their local area. In 스포츠토토 사이트 , the absence of a digital infrastructure in India and the high cost of internet access impeded the growth of the lottery industry in India. Today, 750 millions Indians have access to cheap internet and this increases their buying power and ease of use. The result is likely to see a shift in the structure of the market, with online and offline segments interacting side-by-side. Lottery players can now purchase tickets online and play from anywhere within the country. The Consumer Protection Act also provides a legal framework to resolve complaints about deceptive advertisements and other business practices. This ensures that the lottery participants aren't victimized by fraudulent operators. While the majority of lotteries are run by the central government, a small number of states have private companies licensed to manage their draws. Private lotteries can be more flexible in their ticket prices, jackpot sizes and other aspects. They could also be more attractive to foreign investors. They also are able to be able to avoid restrictions that are imposed by state-level legislation such as the prohibition on cross-State sale. One notable case involves the Essel Group's Playwin, licensed to operate the Sikkim state lottery. The company had financial problems following the introduction of GST. This led to a decline in ticket sales. The company is now facing insolvency procedures. Despite the risk the private lotteries continue be popular in India especially among the younger players. They can be played on mobile devices, computers, and televisions. The payouts are typically higher than the regular lotteries. However, many players have doubts regarding the security and safety of these platforms. They are also concerned about the risk of personal information being exposed. The government is working hard to address these concerns via new regulations and responsible gaming. The public can help by reporting any suspicious activity to the authorities.