China’s lottery sales jump 11% in October

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).

China’s lottery sales jump 11% in October

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.

Topics
Land-BasedLotteryFinancial
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Manuel Marti
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Manuel R. Martí worked as an Editorial Assistant at Players Publishing from July to December 2017, supporting editorial operations across the company’s B2B gaming publications, including Gambling Insider. During his time with the editorial team, he assisted with content preparation, research and production workflows, helping ensure the timely and accurate delivery of both online and print material.

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