첫가입 꽁머니 Toto's Special Draw Will Be Less Than Expected
PETALING JAYA (Dec 6) The government's decision of reducing special draws based on number forecast operators (NFO) to eight per year from 22 is likely to affect earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too concerned, as special draws typically have lower sales. They also frequently cannibalise the sales of normal draws.
Lotteries in India
The lottery industry contributes a significant amount to the State budgets. It is also a very popular form of entertainment for India's growing mobile-savvy, tech-savvy and tech-savvy populace. This segment is hampered by a variety of structural obstacles that prevent it from expanding. The fine-tuning of taxation issues and pushing for widespread digitization could be a significant step towards solving these issues.
The state-wide legal stance regarding lotteries can range from allowing lottery games to banning them completely. Some states have a more relaxed position, however the majority are more strict with regards to ticket prices and technology and jackpot size, as well as public image. These restrictions hinder the success of government-run lotteries as well as private ones. However, their popularity is maintained due to their low cost and widespread availability, granting them an advantage over illegal gambling operations and offshore operators.
As the digital boom transforms other areas of the economy, it's expected that the lottery industry will be the same. Digitization will not just provide new ways to play, but also make it easier for Indian players to purchase tickets. This will impact the offline lottery, where many players are still used to buying tickets at local sales points.
In the past, India's lottery industry was hampered by the high cost of internet access and absence of an infrastructure for digital. Today, 750 million Indians have access to cheap internet which boosts their purchasing capacity and ease of access. The result is likely to be a shift in the market's structure, with offline and online segments coexisting side-by-side.
Lottery players will find it easier to buy tickets online and play from anywhere in 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 will not be abused by unscrupulous operators.
While the majority of lotteries are run by the central government, a handful of states have private companies licensed to conduct their draws. Private lotteries are more flexible in their ticket prices, jackpot size and other aspects. They could also be more attractive to foreign investors. They can also avoid limitations of legislation at the state level, such as the ban on cross-State sales.
Playwin is part of the Essel Group, is licensed to run the Sikkim State Lottery. The company was plagued by financial problems due to the introduction of GST which led to a drop in ticket sales. The company is now facing insolvency proceedings. Private lotteries remain popular in India despite the risk especially for younger generations. They can be played on smartphones, computers, and televisions. The payouts are typically higher than the regular lotteries. However, many consumers are concerned regarding the security and safety of these platforms. They are concerned about the danger of exposing their personal information. The government is working to address these concerns via new regulations and responsible gaming. The act of reporting any suspicious activity could assist the general public.