China lottery sales fall sequentially in October
Sales improved 11.5% year-on-year but were bellow September’s results.
China.- Lottery sales in China totalled RMB30.7bn (US$4.8bn) in October, up 11.5 per cent year-on-year but down by RMB5bn in comparison to September’s sales.
The sports lottery segment did better in October, reaching sales of RMB18.4bn, up 24 per cent from September, while the welfare segment fell 3.2 per cent sequentially, to RMB12.3bn.
According to the numbers released by China’s Ministry of Finance, year to date lottery sales accumulated a 23.9 per cent decline compared to the same period in 2019, totalling RMB261.4bn.
The China Sports Lottery and China Welfare Lottery are the only fully legal forms of gambling in mainland China. Proceeds are intended for use in public welfare projects.
The welfare segment saw a 26.7 per cent decline in the first 10 months of the year, while sports lottery revenue fell by 21.5 per cent.
Lottery sales in November are very likely to show a decrease, especially in the sports lottery segment, since as of November 1 every Chinese province, autonomous region or municipality will be allowed to operate only one quick-draw for virtual sports-related lotteries.
