China’s Welfare and Sports Lotteries sales have yielded ¥32.6bn, a drop of 6.2% year-on-year, data from the Ministry of Finance has revealed.
The data also reveals a drop of around ¥4bn from the previous month, with July’s figures revealing sales of ¥36.2bn.
Sales of lottery tickets to support China’s welfare system totalled ¥11.45bn in August, while ticket sales to support the country’s sports industry reached ¥21.16bn, according to the ministry.
Lottery sales to support the welfare system increased by ¥150m from July’s figures. However, it is the sports lotteries which disappointed, with an almost ¥4bn drop off in sales in just one month.
The Ministry of Finance has confirmed that, in the first eight months of 2021, total lottery sales amounted to ¥247.29bn, up 26.9% year on year.
Total lottery sales for the year to support China’s welfare system has yielded ¥90.4bn, whilst total sales to support the country’s sports industry have generated ¥156.9bn in revenue.
Under China’s lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and prize winnings.