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While discussions are reportedly on with various parties, it currently
seems to be a toss-up between between Star and Sony for what is
one of four major new online lottery initiatives that are being
put together at the moment. The other players being the Modi Group,
white goods major Videocon and Essar.
While discussions are reportedly on with various parties, it currently
seems to be a toss-up between between Star and Sony for what is
one of four major new online lottery initiatives that are being
put together at the moment. The other players being the Modi Group,
white goods major Videocon and Essar.
At the moment though, all that DD allows is advertisements for
online lotteries. It was only last year that the Prasar Bharati
board gave DD the go-ahead to carry ads for the online lotteries
that different state governments are promoting.
Coming back to Dhan Dhanna Dhan Infotainment, it is targeting 10,000
outlets at the end of Year One of operations. An initial investment
of Rs 1,000 million is what has reportedly gone into the venture
that is being headed by Rajan Kaaicker with a 90-strong team under
him. Kaaicker, who was earlier Modi Entertainment Network CEO, distribution,
was directing Videocon's online lottery plans before taking the
reins at Dhan Dhanna Dhan.
The question that is being asked is whether there will not be too
much of a good thing what with all these big players entering the
business. Well, projections are that once all these "big guns" become
fully operational, annual revenues to the tune of Rs 70 billion
will accrue. And three years down the line, that could go up to
Rs 500 billion is what is estimated.
Wishful thinking? Not really if the figures that are being thrown
around as to the kind of betting that went on during the cricket
World Cup are true? Rs 150 billion is what is estimated to have
been spent via illegal betting during the cricket carnival. The
debate that is currently on whether cricket betting should be legalised
is providing hope to the online lottery players as well. They say
that the lottery vends could also be used to place bets. And it
would all be transparent and above board, which would provide huge
additional revenues to the government, the proponents.
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