Lottery sales in China increase 37 per cent
BEIJING, CHINA – China’s July lottery sales were 37.1 per cent more than the same time last year as revenue rose to 18.2 billion yuan ($2.85 billion), the Chinese Ministry of Finance said in a statement on Monday August 29th.
There are two popular lotteries in China, the welfare lottery and the sports lottery. Both saw increased year-on-year sales revenue last month.
Sales of welfare lottery tickets increased a massive 43.5 percent from a year earlier to 11.26 billion yuan, while sales of sports lottery tickets rose 27.9 percent to 6.95 billion yuan.
The July sales figure took total lottery sales in the first seven months of 2011 to 119.35 billion yuan, up 31.9 percent on the same figure in 2010.
According to China’s Regulations on Lottery Management, the money raised through lotteries is divided into three parts: the jackpot, lottery management fees, and lottery public funds.
Published: August 30, 2011