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Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA (Dec 6) The government's decision to reduce special draws by number forecast operators (NFO) to eight per year from 22 is likely to impact earnings of Sports Toto Bhd less than expected. Hong Leong Investment Bank Research said it was not overly concerned as special draws typically have lower sales and frequently reduce sales from normal draws. Lotteries in India The lottery sector contributes a sizable amount to the budgets of State governments. 토지노 사이트 is also a very popular form of entertainment in India's growing, mobile-savvy, and tech-enabled population. However, this segment struggles with a variety of structural obstacles that hinder it from expanding even more. These challenges could be resolved by addressing taxation issues, and pushing for widespread digitalization. The legal position of the State on lotteries ranges from allowing them to banning them entirely. While some states have a more permissive approach however, the majority are stifling regarding ticket pricing and the use of technology, jackpot size, and public image. These limitations affect the performance of both government-run and 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 revolution, which has transformed all other industries of the economy. Aside from facilitating new modes of play, digitization will also make the process of buying tickets quicker and more efficient for Indian players. This will have an impact on the offline lottery, a parallel dimension, where a lot of players are still used to purchasing tickets in person at local sales points. In the past, the absence of a national digital infrastructure and the high cost of internet access hindered the growth of the lottery business in India. Today more than more than 750 million Indians have access to low-cost internet services, increasing their purchasing power and ease of use. The result is likely to see a shift in the market's structure, with online and offline segments coexisting side-by-side. Lottery players can now purchase tickets online, and can play anywhere in the country. The Consumer Protection Act also provides an legal framework for settling complaints regarding deceptive advertising and other business practices. This ensures that lottery players won't be exploited by unscrupulous operators. While the majority of lotteries approved by the State are administered by central government officials, a few States have licensed private companies independent of the government to conduct their drawings. Private lotteries can be more flexible in their tickets' prices, jackpots and other aspects. They could also be more appealing to foreign investors. They can also avoid the restrictions of legislation that is a state-level like the prohibition on cross-State sales. One of the most notable cases is the Essel Group's Playwin, licensed to operate the Sikkim state lottery. The company was plagued by financial issues following the introduction of GST which caused an increase in ticket sales. The company is now in the process of filing for bankruptcy legal proceedings. Despite the dangers the private lotteries continue be popular in India especially among the younger players. They can be played from mobile devices, computers and televisions and the prizes are generally higher than regular lotteries. However, many players are concerned about the safety and security of these platforms. They are also concerned about the risk of their personal information being exposed. The government is working to tackle these concerns by adopting new regulations and encouraging responsible gaming. The public can help by reporting any suspicious activity the authorities.