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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA (Dec 6) The government's decision to cut special draws based on number forecast operators (NFO) to eight per year from 22 is likely impact earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too worried, as special draws generally have lower sales. They can also often cannibalise the sales of normal draws. Lotteries in India The revenues from lottery games are a significant part of the budgets of several states. It is also a popular type 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. Fine-tuning taxation issues and pushing for widespread digitization could be a significant step towards solving these problems. The legal position of the state on lotteries vary from allowing them to banning them completely. Some states have a more relaxed policy, but the majority are stricter in terms of ticket prices and technology and jackpot size, as well as public image. These restrictions affect the success of both private and government-run lotteries. Their popularity continues to grow despite the fact that tickets are cheap and readily available, giving them an edge over illegal gambling operations or offshore operators. As the digital revolution transforms all other segments of the economy, it's likely that the lottery industry will be the same. Digitization will not just provide new ways to play and win, but will also allow Indian customers to purchase tickets. This will impact the offline lottery, a parallel aspect, where a large number of buyers are still used to purchasing tickets in person at sales points in their local area. In the past, India's lottery industry was hampered by the expensive cost of internet access and lack of an infrastructure for digital. Today, 750 millions Indians have cheap internet access and this increases their buying capacity and ease of access. This will result in a shift in the market structure that will see both offline and online segments coexisting. Lottery players will find it easier to buy tickets online and play anywhere in the country. In addition, the Consumer Protection Act offers a legal framework for the resolution of complaints about misleading advertising and other business practices. This ensures that the lottery participants will not be victimized by fraudulent operators. While the majority of lotteries are run by the central government, a handful of states have private companies licensed to run their draws. Private lotteries can be more flexible with their ticket prices, jackpot size and other aspects. They can also be more attractive to foreign investors. They can also avoid the restrictions of state-level legislation, 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 afflicted with financial issues after the introduction of GST which led to an increase in ticket sales. The company is now in the process of filing for bankruptcy proceedings. Private lotteries remain popular in India despite the risks, especially among the younger generation. They can be played on smartphones, computers, and even on televisions. The winnings are generally higher than regular lotteries. Many players are concerned about the safety and security offered by these platforms. They are also concerned about the risk of their personal data being exposed. The government is trying to solve these issues by adopting new regulations and encouraging responsible gaming. try here can help by reporting any suspicious activity the authorities.