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China's lottery sales up 33% in first five months
Source: Xinhua |
June 20, 2011, Monday
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Online Edition
Online Edition
CHINA'S lottery sales in the first five months rose 32.5 percent year-on-year to 83.69 billion yuan (about US$12.88 billion), the Ministry of Finance announced today.
Sales of welfare lottery tickets during the period jumped 32.1 percent year-on-year to reach 48.53 billion yuan while sales of sports lottery tickets rose 33 percent year-on-year to 35.16 billion yuan.
In May alone, lottery sales reached 18.73 billion yuan, up 29.7 percent from the same period last year, the ministry said in a statement on its website.
According to China's Regulations on Lottery Management, funds generated through lotteries are divided into three parts: the jackpot, lottery management fees, and lottery public funds which should be spent as stipulated on financing social welfare causes.
Sales of welfare lottery tickets during the period jumped 32.1 percent year-on-year to reach 48.53 billion yuan while sales of sports lottery tickets rose 33 percent year-on-year to 35.16 billion yuan.
In May alone, lottery sales reached 18.73 billion yuan, up 29.7 percent from the same period last year, the ministry said in a statement on its website.
According to China's Regulations on Lottery Management, funds generated through lotteries are divided into three parts: the jackpot, lottery management fees, and lottery public funds which should be spent as stipulated on financing social welfare causes.
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