The questions addressed in the research
There are national legal lotteries that are conducted offline in India. But today, people have gotten engaged in online lotteries. Reputable platforms are providing access to gambling of any kind, including this one.
The online lottery is considered a relatively new trend, attracting people with various social statuses and various occupations. What is special about it, and what are the consequences of this enthusiasm?
The analysts of LottoBaba.in are reasonable about this trend, answer the above questions and give high priority to a range of issues like:
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a character sketch of online lottery players in India;
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online lotteries' legitimacy;
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current issues in the industry;
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India's lottery market volume, both online and offline;
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increasing interest in online lotteries;
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national lotteries of the Indian government;
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online market leaders;
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the lottery market’s future prospects;
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India’s lottery market capacity;
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the start of the industry;
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reasons for the online lottery market’s development;
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state regulation and income;
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online trends;
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state revenues.
You are welcome to read the details about all the above points on LottoBaba.in. While in this article, we’ll consider the most important issues briefly so that you can use this information for an easy start and profitable gambling.
Character sketch of online lottery players in India
Research shows that the majority of lottery players are young men living in large cities. The idea of big wins with low expenses attracts them. This is about gambling in general. About two-thirds of gamblers prefer online lotteries to online casinos. 35% of registered gamblers are young people aged 18–24 years, and 57% are players aged over 34 years.
The legitimacy of online lotteries
In most states of India, gambling is not permitted. However, regardless of restrictions, there are no absolute bans on the online lottery. The point is that the local government's regulation of gambling is based on the
Public Gaming Act of 1867. These obsolete rules cannot govern the virtual world. That enables operators to provide users with online gambling while keeping within the local law as the business is located in places where this activity is legal.
As a result, most online lotteries and gambling platforms used by Indians are registered offshore. Some states avoid the trap and ban all online gambling, including the lottery. But in 13 Indian states, this activity is available as it is considered to be legal. It is clear that the increasing online gambling market and the expanding Indian middle class, being able to spend money on entertainment and take risks easily, will cause the situation to change.
Moreover, lotteries are beneficial for the state as they can be used as a taxable base. In 1967, the Kerala region was the first to launch legitimate commercial lotteries. This undertaking was backed up by other regional governments. Now, in India, there are official lotteries that provide increased tax income and improve social welfare.
Current problems in the sector
In the industry, there are some concerns, in addition to tricky legislative aspects. In 2017, the government imposed a goods and services tax equal to 28%. The bouncing tax burden presented service providers with a challenge: either increasing ticket prices or decreasing lottery prizes. They decided on a price increase and that activated the black market, while the reliable participants in the online gambling market had to cease to exist.
Online and offline Indian lotteries market volume
Due to the black market, it is not easy to compare these two sections. But there is information that online lotteries are behind their traditional counterparts in market volume. However, they are expanding at an accelerating pace now. The analysts prove that up to 24% of the queries made on top gaming partner sites are about online lotteries.
National lotteries of the Indian government
The research examines government lotteries. They are offered as investment opportunities in the thirteen states of India. Almost everyone offers daily draws and Bumper jackpots. We’d arrange them by two factors:
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Popularity. The one that can boast of the biggest audience is the Kerala lottery program. The Nagaland lottery is also popular.
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Affordability. The Lottery Sambad provides cheaper lottery tickets.
Online market leaders
The survey shows three top companies without limits:
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LottoSmile (or TheLotter) with over 50 lotteries;
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Lottoland.Asia with over 30 lotteries;
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Lotto247 with enticing bonuses for players.
Lottery market future prospects
The lotteries are able to encourage optimism and ensure financial stability in current rough conditions. The experts expect that:
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To maintain market share, government-managed lotteries will advance and move to the online environment.
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The standards of safety will be raised.
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Prices for a wide range of lottery players will be reduced.
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Cash-out options and new payment methods will be available.
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The volume of the lottery sector will increase.
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The balance between offline and online lottery markets will be shifted in favor of the latter due to digitization.
India’s online lottery market capacity
The researchers looked at the first few months of 2021 and, after evaluating the Indian regions involved in the lottery market, came to the conclusion that:
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Maharashtra, with such large cities as Mumbai and Pune, takes first place, accounting for over 24% of user traffic.
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Telangana comes in second.
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Tamil Nadu comes in third (8.93%).
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Karnataka comes in fourth (8.42%).
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West Bengal comes in fifth (10.02%).
Final thoughts
From now on, everybody can benefit from local and international lotteries from home in India. Online lotteries are safer and more comfortable compared with offline ones. Try it with LottoBaba.in which informs the community about a new source of entertainment and money. This company provides access to numerous international lotteries available online. Every user can read the research, various reviews, posts, guides to purchasing online tickets, benefit from huge jackpot gambles, and much more.
