China saw its monthly lottery sales fall slightly in June, going down 0.3 percent year-on-year to RMB 33.8 billion (US$5 billion), according to data from the Ministry of Finance. Welfare lottery ticket sales increased 8.8 percent year-on-year to RMB 17.8 billion, while sports lottery sales fell 8.9 percent to RMB 16 billion, said the […]
Lottery sales in China were RMB 194.3 billion (US$29.3 billion) in the first half of 2016, up 3.5 percent year-on-year. According to data from the Ministry of Finance, welfare lottery sales declined by 0.5 percent year-on-year to RMB 102.3 billion in 16H1, while sales of sports lottery products went up 8.4 percent to RMB 92.0 […]
China’s lottery sales rose 7.8 percent year-on-year to RMB 34.6 billion (US$5.2 billion) in May, according to the Ministry of Finance on Friday. In a statement from the government ministry, Welfare lottery sales increased 1.8 percent year-on-year to RMB 18.4 billion, while sports lottery sales soared 15.6 percent to RMB 16.3 billion. As a result, the […]
The chinese government is considering restarting its online lottery operations following a year-long suspension, local media reports. According to the Economic Observer who quotes an anonymous industry insider, Beijing officials are planning to launch the trial of a new online lottery regime, but only after the government crafts the necessary regulations. The paper quoted a […]
Lottery sales in China declined 2.9 percent year on year in the first 10 months of this year to 303.13 billion yuan (US$47.45 billion), according to a statement on the Ministry of Finance website. China’s lottery sales reached 31.23 billion yuan (US$4.88 billion) in October, a decline of 4.5 percent compared with the same period […]
Lottery sales in Mainland China rose by 5.2 percent to RMB187.6 billion ($30.7 billion) in the first six months of the year, state-news agency Xinhua reported. Citing government figures, Xinhua reported that welfare lottery sales increased by 4.4 percent to RMB102.8 billion, while sports lottery sales increased 6.2 percent to RMB84.83 billion. East China’s Shandong […]
China’s clampdown on online lottery sales is likely to have a significant impact on the country’s booming lottery market in the short term, but shouldn’t be read as a signal that Beijing is seeking to permanently shut down remote lottery distribution, experts say. E-commerce giant Alibaba on Tuesday said it was suspending sales of online lottery tickets in China, following in the footsteps of New York Stock Exchange-listed online lottery company 500.com, Tencent and others. Although estimates vary on how much of the RMB 382.4 billion ($61 billion) in 2014 sales were actually generated online, the amount is thought to have been “substantial.” However, industry insiders say the existing system was badly flawed and the suspension may pave the way for a much needed overhaul. Both legal lotteries in China, the Welfare Lottery and the Sports Lottery have a national brand and national regulation, but the day-to-day operations are organized at the provincial level. The province is also responsible for generating sales.