{"id":22347,"date":"2021-09-06T13:15:54","date_gmt":"2021-09-06T16:15:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22347"},"modified":"2026-04-23T15:58:16","modified_gmt":"2026-04-23T18:58:16","slug":"south-korea-lottery-sales-reach-record-us2-5bn-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-korea-lottery-sales-reach-record-us2-5bn-in-h1","title":{"rendered":"South Korea lottery sales reach record US$2.5bn in H1"},"content":{"rendered":"\n

The Korea Lottery Commission has reported that lottery sales for the first half of the year grew 12.6 per cent, setting a new record.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0The Korea Lottery Commission<\/strong>\u00a0has shared financial results for the first half of the year, reporting record lottery sales of US$2.5bn<\/strong>, up 12.6 per cent year-on-year.<\/p>\n\n\n\n

According to Korea JoongAng Daily,\u00a0lotto accounted for 86.5 per cent of all lottery tickets<\/strong>.\u00a0However, there was a surge in pension-type lotteries that pay winners with annuities.\u00a0In the first half of the year,\u00a0sales of such lottery tickets reached 142.2 billion won<\/strong>, an increase of 66.4 per cent.\u00a0<\/p>\n\n\n\n

This was the largest year-on-year H1 increase since this type of lottery ticket was launched in 2012. <\/p>\n\n\n\n

A change in the runner-up prizes has also increased interest in the lottery<\/strong>. Previously, four runner-ups received a single bonus of 100 million won. This has changed to eight runners-up, who win 1 million won per month for 10 years.<\/p>\n\n\n\n

South Korea gaming tax revenue down 82.4% in 2020<\/h2>\n\n\n\n

South Korean authorities<\/a> have reported that the collection of gaming taxes declined 82.4 per cent year-on-year in 2020 <\/strong>to <\/strong>KRW81.8bn (US$70.5m).<\/p>\n\n\n\n

Tax revenue from Kangwon Land Inc<\/strong> plummeted 83.3 per cent from KRW357.8bn to KRW59.9bn in 2020. However, that figure was twice as much as South Korea\u2019s 16 foreigner-only casinos combined<\/strong>. Kangwon Land accounted for 14.8 per cent of the country\u2019s 2020 gambling tax revenue.<\/p>\n\n\n\n

Gaming tax revenue from the rest of the casinos declined 79.7 per cent to KRW21.9bn<\/strong>. South Korean casinos also need to make contributions to a number of funds. In 2020, such donations totalled KRW322.6m.<\/p>\n\n\n\n

South Korea\u2019s overall tax revenue from gaming in 2020 was KRW404bn<\/strong>, a drop of 82.9 per cent when compared to KRW2.36tn in 2019.<\/p>\n\n\n\n

South Korea\u2019s gambling industry<\/strong> involves not only casinos and lotteries but also betting on horse racing, bicycle racing, boating and the local version of bullfighting, which puts two animals head-to-head. The horse racing segment contributed 62.8 per cent of South Korea\u2019s gambling tax <\/strong>at just over KRW253.7tn.<\/p>\n\n\n\n

In 2020 South Korean casinos<\/a> received only 1,760,232 visits, down from 6,128,952 in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Korea Lottery Commission has reported that lottery sales for the first half of the year grew 12.6 per cent, setting a new record.<\/p>\n","protected":false},"author":176,"featured_media":22356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Korea Lottery Commission reported record H1 lottery sales of US$2.5bn, a 12.6% year-on-year increase, primarily driven by lotto and a significant surge in pension-type lottery products. Concurrently, South Korea's overall gaming tax revenue for 2020 plummeted 82.9% to KRW404bn, largely due to an 82.4% decline in casino and other gaming taxes, reflecting a sharp drop in casino visitation.","focusai_entities":"Korea Lottery Commission, Korea JoongAng Daily, Kangwon Land Inc","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), product_ux (0.75), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Lottery Growth Drivers","query":"What specific marketing strategies or distribution channel enhancements contributed to the 66.4% surge in pension-type lottery sales, beyond the prize structure adjustment?"},{"label":"Casino Recovery Outlook","query":"Given the severe decline in casino visitation and tax revenue, what are the projected timelines and key operational strategies for the recovery of South Korea's land-based casino sector?"}],"footnotes":""},"categories":[16338,163],"tags":[3573],"class_list":["post-22347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22347"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22347\/revisions"}],"predecessor-version":[{"id":22366,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22347\/revisions\/22366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22356"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}