China lottery sales up 31.4% in January

first_imgAcross both lotteries, digital lotto ticket sales accounted for CNY21.94bn, up 46.5% year-on-year, making up 79.8% of Welfare Lottery sales and 47.7% of Sports Lottery sales. Tags: China Sports Lottery China Welfare Lottery China lottery sales up 31.4% in January 2nd March 2021 | By Conor Mulheir All of the country’s 31 provinces except Guangxi showed an increase in sales from January 2020, with some provinces showing growth of over 60%. Sales in Guangxi decreased by 2.1%. Sales in the video lottery vertical were effectively wiped out in the period, bringing in just 190,000 compared to 2.65bn in January 2020. In November, it was announced that China would begin implementing a ban on certain high-frequency lottery products, with restrictions coming into force in stages between November 2020 and February 2021. Regions: China AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Lottery Sports betting China’s Sports and Welfare Lotteries brought in total revenue of CNY35.76bn (£3.97bn/€4.59bn/$5.53bn) in January 2021, up 31.4% on the same period last year. Instant games brought in CNY2.17bn for the Welfare Lottery, up 35.3%, and CNY1.87bn for the Sports Lottery, up 59.8%. The next largest vertical was keno games, which brought in 894m for the Welfare Lottery, more than 90 times more than the 9.8m brought in for the same period last year. Results published in January showed that lottery sales in the country were down 20.8% in 2020 amid the disruption of the novel coronavirus (Covid-19) pandemic, generating CNY333.95bn throughout the year. Finance Subscribe to the iGaming newsletter Sports betting brought in CNY8.88bn, accounting for a further 43.2% of the Sports Lottery’s sales, and showing an increase of 30.5% from January 2020. The Welfare Lottery accounted for CNY15.21bn in sales, up 18%, while the Sports Lottery accounted for CNY20.54bn, up 43.5%. Email Addresslast_img read more