첫가입 꽁머니 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 instead of 22 is likely to affect the earnings of Sports Toto Bhd less than expected. Hong Leong Investment Bank Research said it wasn't too concerned as special draws typically have lower sales and often will eat away at sales from regular draws.
Lotteries in India
Lottery revenues are a significant part of the budgets of several states. It is also a popular type of entertainment among India's rapidly 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 promoting mass digitalization.
The legal position of the state regarding lotteries range from allowing them to banning completely. Some states have a more relaxed policy, but the majority are more strict in regards to ticket prices as well as technology, jackpot size and public image. These constraints affect the success of both government-run and private lotteries. However, their popularity is maintained because of their low-cost tickets and widespread availability, granting them an advantage over illegal gambling operations and offshore operators.
The lottery industry is expected to be a part of the digital revolution which has transformed all other industries of the economy. Digitization will not only facilitate new ways to play, but also make it easier for Indian customers to purchase tickets. This will affect the offline lottery, in which the majority of players are still accustomed to purchasing tickets at local sales points.
In the past, India's lottery industry was hampered by the high cost of internet access and the absence of an infrastructure for digital. Today, 750 million Indians have cheap internet access which boosts their purchasing power and ease of use. The result is likely to result in a change in the market's structure with online and offline segments interacting side-by-side.
Lottery players can now buy tickets online, and play from anywhere within 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 guarantees that lottery participants aren't abused by unscrupulous operators.
While the majority are run by the central government, a handful of states have licensed private companies to manage their draws. Private lotteries can be more flexible in their ticket prices, jackpot sizes and other parameters. They can also be more appealing to foreign investors. They can also stay clear of restrictions enforced by state-level legislation such as the prohibition on cross-State sale.
Playwin is part of the Essel Group, is licensed to manage the Sikkim State Lottery. The company faced financial difficulties after the introduction of GST. This led to an increase in ticket sales. The company is facing insolvency legal proceedings. Private lotteries are still very popular in India despite the risk especially for younger generations. They can be played on smartphones, computers and televisions and the payouts are typically greater than those offered by regular lotteries. Many consumers are concerned about the security and safety provided by these platforms. They are concerned about the possibility of sharing their personal data. The government is working to tackle these concerns by adopting new regulations and encouraging responsible gaming. The public can help by notifying any suspicious activity to the authorities.