Gambling itch rising at four times the national growth in China
Macau's Gaming Inspection and Coordination Bureau reported that the casinos did business worth us$ 2.2 billion in November.
Macau's gambling revenue in the January-November period rose 57% from a year earlier. Sales of lottery tickets in 11 months ending November rose 25% to reach us$ 22 billion, according to the latest numbers released by the ministry of finance.
China has two kinds of lottery, the usual state lottery called 'welfare lottery' and sports lottery related to football matches. Sales of welfare lottery tickets jumped 27 % to generate us$ 13 billion while the sales of sports lottery tickets grew 22.4% to us$ 9 billion in the first 11 months of 2010.
China's Regulations on Lottery Management said income from lottery is spent for prizes, management fees and public welfare.
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