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January 18, 2016

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Report finds big jump in lottery sales

THE sales of lottery in Shanghai in 2014 was nearly eight times that of 2000, while the lottery sales nationwide during the same period was over 20 times, a report by Shanghai Normal University said.

The report, released over the weekend, said sports lotteries were the most popular with a sales figure of 8.6 billion yuan (US$1.31 billion) — accounting for 64 percent of the total lottery sales. The per capita expense on sports lotteries was 352 yuan and the year-over-year increase was about 88 percent.

The total national sales volume in 2014 was 382.4 billion yuan — 268 billion yuan more than the sales in gaming industry, and 353 billion yuan higher than the box-office earnings.

The public welfare fund raised by lottery sales between 2000 and 2014 was 497.4 billion yuan — 28 percent of which was used in social security fund.

The lottery sales in China will increase and keep pace with economic growth.


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