Home Facts industry

China's April lottery sales up 32.2%

China's April lottery sales up 32.2%

Write: Gabriel [2011-05-30]
China's April lottery sales rose 32.2 percent year-on-year to 18.65 billion yuan (2.87 billion U.S.dollars), the Ministry of Finance (MOF) announced Thursday.
Sales of lottery tickets in the first four months of the year totaled 64.96 billion yuan, a year-on-year increase of 33.3 percent, the MOF said in a statement on its website.
In April alone, sales of welfare lottery tickets went up 30.8 percent year-on-year to 10.59 billion yuan, and sales of sports lottery tickets rose 34.2 percent year-on-year to 8.06 billion yuan, the statement said.
The surge in sales has come as new quiz-type lottery games have gone on sale in about 30 provinces, along with the expansion of trial sales of the welfare lottery's online games, it said.
According to China's Regulations on Lottery Management, the money raised through lotteries is divided into three parts: the jackpot, lottery management fees and lottery public funds.
Weekly review May 20 World Economic Forum China office marks fifth anniversary May 18 China, Pakistan joined in bonds of brotherhood May 20 'Central axis' of Beijing applies for world cultural heritage May 20 In pictures: Int'l 'Financial Security' symposium opens in Beijing May 21 The week in pictures May 16 Beijing aims for massive influx of overseas talent in 2011 May 16 Singapore election coverage shows Western arrogance May 16 Chinese naval helicopter conducts target practice in Gulf of Aden May 17 Strategies for harmony between militaries of China, US May 17 Pakistani Prime Minister hails China as true friend