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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA (Dec 6): The government's decision of reducing special draws according to number forecast operators (NFO) to eight per year from 22 is likely to affect earnings of Sports Toto Bhd less than expected. Hong Leong Investment Bank Research stated that it was not too worried, as special draws generally have lower sales. They also tend to reduce the sales of regular draws. Lotteries in India The lottery industry contributes a significant amount to the State budgets. It is also a very popular form of entertainment among India's rapidly growing, mobile-savvy, and tech-enabled population. However, this segment struggles with a myriad of structural obstacles that hinder it from expanding further. Achieving a better tax system and pushing for widespread digitization could be a significant step towards solving these problems. The legal position of the State on lotteries ranges from allowing lottery games to banning them completely. Some states have a more relaxed position, however the majority are stricter in terms of ticket prices as well as technology, jackpot size and public image. These limitations affect the performance of both government-run and private lotteries. However, their popularity is maintained thanks to affordable 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 that has transformed all other sectors of the economy. Aside from facilitating new modes of playing, digitization will also make the process of purchasing tickets faster and more efficient for Indian players. This will impact the parallel, offline lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at the local sales point. In the past, the lottery industry in India was hampered by the high cost of internet access as well as the absence of an infrastructure for digital. Today, 750 millions Indians have access to cheap internet, which increases their purchasing power and ease of use. The result will be an alteration in the structure of markets, with offline and online segments interacting. Lottery players will find it easier to purchase tickets online and play anywhere in the country. In addition, the Consumer Protection Act offers a legal framework to resolve complaints regarding deceptive advertising and other business practices. This ensures that players will not be cheated by unscrupulous operators. While the majority of lotteries are run by the central government, a small number of states have private companies licensed to run their draws. These private lotteries are more flexible in the terms of their ticket pricing, jackpot sizes, and other aspects, and could be more appealing to investors from abroad. They also can avoid restrictions imposed by state-level laws, like the prohibition on cross-State sale. One notable case involves the Essel Group's Playwin licensed to run the Sikkim state lottery. The company was plagued with financial difficulties after the introduction of GST, which caused a drop in ticket sales. 스포츠토토 is now facing insolvency legal proceedings. Private lotteries remain popular in India despite the risk particularly among younger generations. They can be played on mobile devices, computers, and even televisions. The winnings are generally higher than traditional lotteries. However, a lot of players are skeptical regarding the security and safety of these platforms. They are concerned about the possibility of exposing their personal information. The government is working hard to address these concerns through new regulations and responsible gaming. The public can assist by notifying any suspicious activity to the authorities.