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Profit margins in lottery industry are tiny.

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sanskritds.com

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newsletter@sanskritds.com

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Sat, Mar 30, 2024 05:34 AM

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Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bo

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds Lottery company Future Gaming and Hotel Services, the largest purchaser of electoral bonds in the country, first bought electoral bonds from the revenue it earned from the sale of lottery tickets, and only then registered the remaining meagre amount as profits, a deep analysis of the financials of the company by ThePrint has found. This is of particular significance since the Enforcement Directorate has launched an investigation into the company and has seized its assets, alleging that the company and its management had illegally inflated its revenue by manipulating unsold lottery tickets and claiming prizes on them, among other things. [Read more]( If you would prefer not receiving our emails, please [Click Here](

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