20.3 percent
China lottery sales up
2014-12-01
Reading time 38 seg
(China).- China Ministry of Finance informed that lottery October sales raise again year-on-year, up 20.3 percent to the equivalent of around USD 5.34 B. Sports Lottery betting again led the charge, with sales up 27.9 percent, whilst Welfare Lottery sales were up 14.5 percent.
The year-to-date numbers continue to show the rising trend, with total lottery sales in the ten months to date at an impressive USD 312.1 B – up 24 percent compared to the same period in 2013. Officials said that China’s economic growth had fueled salary increases and rising disposable income for most punters, and this has been good for the lotteries.
In terms of US dollars, a recent study predicted that total lottery sales will reach US$ 61 billion this year and could rise to US$ 73.3 billion in 2015, with online sales reaching US$ 2.2 billion in 2014 on the Sports Lottery, rising to US$ 3.2 billion in 2015. That represents increases of 47.3 percent and 44.8 percent, respectively.
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