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China Lottery Sales Rises in March

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5 years ago

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China Lottery Sales Rises in March
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Chinese lottery sales picked up in March after retailers launched phased re-openings and Chinese authorities have imposed a record financial penalty on an online gambling payment processor.

Figures released by China’s Ministry of Finance show lottery sales of RMB10.5b (US$1.5b) in the month of March, a 70% decline from the same month last year but up dramatically from just RMB1m in February as retailers slowly resumed operations after their lengthy COVID-19 pandemic shutdown.

Total sales over the first quarter of 2020 were down 64.5% to RMB37.7b, with sports lottery sales (RMB19.65b, -65.7%) somehow managing to maintain their lead over the rival welfare lottery (RMB18.05b, -63.2%) despite the mass cancellation of major sports events.

Beijing’s lottery operators reopened last week after a 105-day long closure, making it the last region in China to relaunch operations.

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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.

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