× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 22 November 2017
China’s lottery sales jump 11% in October
By Manuel Marti
According to data compiled by the Ministry of Finance of China, lottery sales experienced a significant year-on-year rise of 11.3% in October, reaching CNY37.65bn (US$5.68bn).

This overall jump has been prompted by an impressive monthly performance in the sports segment. Sports lottery sales in October nearly hit the CNY20bn ($3bn) mark, rising 17% in year-on-year terms; whilst welfare lottery sales increased by 5.8% to CNY18.31bn ($2.7bn).

For the first ten months of 2017, combined lottery sales raked CNY348bn ($52bn) and reported a rise of 7.7% in year-on-year terms. So far this year, sales of sports lottery products hiked by 10.7% to CNY171.51bn while welfare lottery sales posted a 4.9% increase to CNY176.92bn.

Guangdong has maintained its position as the leading lottery market in China with combined sales of welfare and sports lottery tickets up 6% from the year-prior. Moreover, monthly figures show sales increased in 29 of the 31 provinces of mainland China.

RELATED TAGS: Land-Based | Lottery | Financial
DISCUSS THIS ARTICLE
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age
READ MORE
PREMIUM CONNECTIONS