Asia

China’s Sports Lottery posts record revenue

Published

6 years ago

January 29, 2019

Niji Narayan

China’s Sports Lottery posts record revenue

Photo Source: gbtimes.com

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China’s Ministry of Finance has reported that the total revenue from the country’s official lottery products surged by 19.9 per cent in 2018 year on year to approximately CNY511.47 billion (US$75.93 billion).

Sales of welfare lottery tickets fetched approximately CNY224.56 billion, 3.5 percent higher year on year. Sports lottery sales collected CNY286.9 billion, an increase of 36.8 per cent year on year.

The official data also showed an increase in lottery sales in all of the 31 provinces and cities of mainland China authorise to sell lottery tickets except Tibet, which recorded a year-on-year decline of 4.3 percent.

Growth rates in lottery sales of above 30 percent year-on-year were recorded in the Jiangxi and Guizhou provinces, said the Ministry of Finance.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.