How International Lotto Sites are changing the online lottery industry in India
Naturally, lotteries are inherently attractive to humans – they provide the opportunity to win a life-changing amount of money if you’re lucky enough to hit the jackpot.
However, regardless of how attractive they are to Indians, playing lotto games in India is not that easy.
In this article, we’re going to quickly take a look at the existing lottery games in the country and how online lotto services are changing the online lottery industry in India by allowing players to participate in some of the biggest lotteries worldwide!
Are lotteries regulated in India?
Currently, the only lotteries that are allowed to run in the country are regulated directly by the state government of the state in which the lottery takes place.
The Kerala State Government created the first government-sponsored lottery in 1967. The program was created to provide stimulus to the economy, and the proceeds are allocated to welfare programs.
Over time, the Kerala State Lotteries became widely successful, and other states in the country followed the same strategy. Currently, 13 states in the country run lotteries for their citizens.
What’s interesting to note here is that all private lotteries are not allowed to operate in India. All the lotteries are handled by the state governments.
Given the current rules and regulations, there is no central lottery in India where everyone can participate. The jackpots on the state lotteries also tend to be on the lower side due to lower participation.
Given all these factors, it is clear to say that the online lottery is not compatible with the state lotteries in the country.
But what about international lotteries? The legal power of a state in India is limited to lotteries that are conducted within the geographical area of the particular state.
They have no legal ground to stop their citizens from participating in international lotteries, a service offered by online lotto sites in India.
Online lotto sites filling in the gaps left by State Lotteries
There are a lot of problems with state lotteries in the country currently. For example, you cannot buy the tickets online for the majority of the lotteries, and you have to be a citizen of the state to participate in its state lottery.
However, highly-rated online lotto services like LottoSmile make it possible for Indians to participate in the biggest lotteries in the world like the US Powerball, MegaMillions, and more.
To use these sites, the players buy the tickets online, and all the operations are handled by the offices of the online lotto service. Additionally, one can also purchase lottery tickets on mobile using online lotto sites in India, which makes them much more convenient when compared to playing state lotteries.
Lastly, while the ticket price for huge lotteries like Powerball is higher than the local state lotteries, they also provide exponentially higher rewards.
Time for state lotteries to innovate?
The revenue from lotteries is a significant portion of the state revenue. With online lotto services providing competition for the first time to the state-held monopoly of lotteries, it is optimistic to assume that state lotteries would be looking to innovate in the future providing better services and rewards to players.