About Lottery:
Lottery is an event whose outcome is determined by chance. Alternatively, lottery is service provided by the operator of the lottery to enable purchasers of tickets to participate in a game of chance with the hope of winning, by arranging for that purpose [for] the stakes to be collected, the draws to be organized and the prizes or winnings to be ascertained and paid out. The Lottery business in India is governed by Lotteries Regulation Act, 1998. Under this act, the states are empowered to organize and conduct a lottery either directly or through a selling agent and frame rules for conducting lotteries. India has a predominant Passive lottery market called as paper lottery market, with the online lottery being introduced only recently in March 2002.
Online Lotteries are more transparent, systematic and neatly organized.
Special Features of Online Lotteries:
Online Lottery System has a distinct edge over paper lottery.
- Online lottery systems are totally transparent hence gives better credibility to the gaming business.
- Attracts the Lower middle and upper income group who largely stay away from passive lottery.
- Counterfeiting / Duplication of tickets are not possible as individual ticket has a unique number.
- Concept of unsold pre-printed tickets is eliminated.
- Larger amount of individual prize distribution.
- Tickets are sold up to close to the draw.
- More than one game can be played on the same terminal.
- Exact sales are known on real time basis.
- Greater flexibility and quicker introduction of new games and features.
- Ease of expansion & operations for operating agent as the functions are automated.
- The draw is transparent and seen live by millions of people hence no possibility of 'fixing' winning numbers. |
