South Korea: Lottery sales surge amid slump
According to the report by the Ministry of Strategy and Finance, lottery sales in the January-March period amounted to us$ 481 million, compared with us$ 441 million in the same quarter a year earlier.
Sales of the most popular Lotto lottery advanced 12.8 % to us$ 47 million, while paper and Internet-based lottery sales declined 6.4 % and 5.6 %, respectively, to us$ 12.2 million and us$ 9.1 million.
The ministry said people often tend to try and avoid hardship by betting on the lottery, especially when the economy is in a slump. Playing the lottery is also cheaper and more convenient than betting on horse and cycle races, it added.
South Korean economy has been hit hard by a credit crisis and global recession that began last summer, driving down exports and domestic demand. The economy, Asian fourth-largest, is expected to contract 2 % this year, the first minus growth in more than a decade.
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
International travel to Las Vegas declines 4.8% in 2025, with Canadian visits down 17.4%
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
Flutter boosts prediction market spending despite Q1 profit slump, cuts 2026 outlook
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
Sportsbook integration: Deploying betting widgets at scale
Flows secures Pennsylvania Gaming Control Board authorisation
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Aristocrat Gaming showcases new Asia-focused portfolio at G2E Asia
