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안전놀이터 Toto's Special Draw Will Be Less Than Expected PETALING JAYA (Dec 6) The government's decision of reducing special draws by number forecast operators (NFO) to eight per year from 22 is likely to affect the earnings of Sports Toto Bhd less than was expected. Hong Leong Investment Bank Research said it was not too concerned since special draws generally have lower sales, and frequently reduce sales from normal draws. Lotteries in India The revenues from lottery games are a significant portion of the budgets of many states. It is also a popular type of entertainment for India's growing, mobile-savvy and tech-enabled population. But, this group is faced with a myriad of structural barriers that prevent it from growing even more. These challenges could be resolved by addressing taxation issues and pushing for mass digitalization. State-level legal positions on lotteries vary from allowing them to ban them completely. While some states have a more permissive approach, most are restrictive in terms of ticket pricing and technology and jackpot size as well as public image. These restrictions impact the performance of lotteries run by governments and private lotteries. Their popularity continues to increase despite the fact that tickets are inexpensive and widely available, giving them an edge over illegal gambling operations or offshore operators. The lottery industry is expected to follow the digital revolution, that has transformed all other industries of the economy. In addition to enabling new ways of playing, digitization will also make purchasing tickets more efficient and practical 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 the local sales point. In the past, the lottery industry in India was hampered by the expensive cost of internet access and absence of a digital infrastructure. Today, 750 million Indians have access to internet at a low cost, which increases their purchasing power and convenience. The result is likely to result in a change in the structure of the market, with online and offline segments coexisting side-by-side. Lottery players can now buy tickets online, and can 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 aren't exploited by unscrupulous operators. While the majority of lotteries approved by the State are administered by central government officials However, a handful of States have licensed independent private companies to conduct their draws. Private lotteries can be more flexible with their ticket prices, jackpot size and other parameters. They may also be more attractive to foreign investors. They can also avoid the limitations of legislation at the state level, such as the ban on cross-State sales. One of the most notable cases is the Essel Group's Playwin licensed to run the Sikkim state lottery. The company had financial problems after the introduction of GST. This resulted in the decline in ticket sales. The company is facing insolvency proceedings. Private lotteries are still very popular in India despite the risk particularly among younger generations. They can be played using mobile devices, computer browsers as well as TVs and the payouts are typically higher than regular lotteries. However, many consumers have doubts about the safety and security of these platforms. They are also concerned about the risk of their personal information being exposed. The government is attempting to address these concerns by implementing new regulations and promoting responsible gaming. The public can help by reporting any suspicious activity to the authorities.