Sports Toto's Special Draw Will Be Less Than Expected PETALING JAYA 6 DECEMBER The government's decision to cut special draws run by number-prediction companies NFO from 22 to eight per year is expected to have a less of an impact on the profits of Sports Toto Bhd than was initially thought Hong Leong Investment Bank Research said it wasn't too concerned because special draws usually have lower sales and frequently cannibalise sales from normal draws Lotteries in India The lottery industry contributes a substantial amount to State budgets It is also a popular form of entertainment among India's rapidly expanding, mobile-savvy, and tech-enabled population This segment is hindered by a myriad of structural obstacles which prevent it from expanding These challenges could be resolved by addressing taxation issues, and pushing for mass digitalization The legal position of the state regarding lotteries range from allowing them to banning them completely While some have a more permissive approach, most are restrictive in regards to ticket prices and technology, jackpot size, and public image These restrictions hinder the effectiveness of lotteries run by government as well as private ones Their popularity is growing despite the fact that tickets are inexpensive and readily accessible and give them an advantage over illegal gambling operations or offshore operators The lottery industry is likely to follow the digital revolution, that has transformed all other industries of the economy Alongside facilitating new forms of playing, digitization will also make the process of buying tickets quicker and more efficient for Indian consumers This will affect the offline lottery, in which the majority of players are still accustomed to buying tickets at local sales points In https//k12instructurecom/eportfolios/798028/Home/Why_Toto_Is_Relevant_2024 , the absence of a national digital infrastructure and the high cost of internet access hindered the development of the lottery industry in India Today, 750 millions Indians have cheap internet access which boosts their purchasing capacity and ease of access The result will be a shift in market structure that will see both offline and online segments interacting Lottery players can now buy tickets online and play from anywhere within the country The Consumer Protection Act also provides an legal framework for settling complaints about misleading advertisements and other business practices This ensures that lottery players aren't victimized by untrustworthy operators While the majority of lotteries approved by the State are run by central government officials There are a few States have licensed independent private companies to manage their lotteries Private lotteries are more flexible in their ticket prices, jackpot size and other aspects They can also be more appealing to foreign investors They can also avoid restrictions of legislation that is a state-level, such as the prohibition on cross-State sales Playwin, a subsidiary of the Essel Group, is licensed to manage the Sikkim State Lottery The company was plagued with financial difficulties due to the introduction of GST which caused a drop in ticket sales The company is now in the process of filing for bankruptcy procedures Despite the risk the private lotteries continue be popular in India, especially among younger players They can be played from mobile devices, computers as well as TVs, and prizes are usually greater than those offered by regular lotteries However, a lot of players are skeptical regarding the security and safety of these platforms They are also concerned about the risk of personal data being exposed The government is working to address these concerns via new regulations and responsible gaming The public can assist by reporting any suspicious activity to the authorities