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Industry

China's lottery sales soar 62 pct in April

May 29, 2023


Abstract : China's lottery ticket sales surged 62 percent year on year to about 50.33 billion yuan (about 7.13 billion U.S. dollars) in April, data from the Ministry of Finance showed.

BEIJING, May 27 (Xinhua) -- China's lottery ticket sales surged 62 percent year on year to about 50.33 billion yuan (about 7.13 billion U.S. dollars) in April, data from the Ministry of Finance showed.

Sales of lottery tickets to support the welfare system stood at approximately 15.6 billion yuan last month, an increase of 30.3 percent or 3.63 billion yuan from a year earlier, the data revealed.

Lottery tickets sold to support the sports industry surged 81.8 percent year on year to 34.73 billion yuan, mainly driven by sports events and lottery games promotion, the ministry said.

In the first four months, sales of lottery tickets in China reached 175.15 billion yuan, up 49.3 percent year on year.

Under China's lottery management rules, funds raised from ticket sales are used for administrative expenses and public welfare projects, and to fund prizes.

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Keyword: lottery

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