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Latest revision as of 03:57, 15 October 2024

Sports Toto's Special Draw Will Be Less Than Expected

PETALING JAYA, 6 DECEMBER: The government's move to reduce special draws run by number-prediction companies (NFO) from 22 to eight per annum is expected to have a less significant impact on Sports Toto Bhd's earnings than anticipated. Hong Leong Investment Bank Research stated that it was not too concerned, as special draws usually have lower sales. They also tend to cannibalise the sales of normal draws.

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The state-wide legal stance regarding lotteries can range from allowing lottery games to banning them completely. Some states have a more permissive position, 스포츠토토 however the majority are more strict with regards to ticket prices, technology, jackpot size and public image. These restrictions hinder the success of government-run lotteries as well as private lotteries. Their popularity continues to grow despite the fact that tickets are affordable and widely accessible which gives them an advantage over illegal gambling operations or offshore operators.

The lottery industry is expected to be a part of the digital revolution which has transformed all other areas of the economy. In addition to enabling new ways of play, digital technology will also make purchasing tickets faster and more practical for Indian consumers. This will impact the offline, parallel lottery aspect, where a large number of buyers are still accustomed to buying tickets in person at the local sales point.

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