Sports lottery sales in October jumped 20.5% year-on-year to US$ 3.31 billion, while welfare lottery sales increased by 3.3% to US$ 2.75 billion, the ministry said. Combined sales for the two lottery systems during the first 10 months of this year amounted to US$ 61.25, a year-on-year increase of 22.2 percent.
Sports lottery sales this year have been fuelled by the FIFA World Cup, according to the Ministry of Finance. The tournament took place between June 14 and July 15.
The authorities in mainland China in August updated the regulations concerning the country’s official lottery. Such update – effective from October 1 onward – aims to reduce red tape for the authorisation of offline sales of lottery products, several experts conducting research into the industry told GGRAsia.
But uncertainties remain as to whether the Chinese authorities will lift a suspension – in place since 2015 – regarding online sales of official lottery products.
Source: GMB / GGR Asia
