China’s Welfare and Sports Lotteries sales yielded ¥33.1bn in November, a drop of 8.1% year-on-year, data from the Ministry of Finance has revealed.
The data displayed that sales did grow 12.7% from the previous month, with October’s figures revealing sales of ¥29.39bn. It marks an uptick in month-to-month sales for the first time since July after a drop off in sales throughout the summer and autumn.
Sales of lottery tickets to support China’s welfare system totalled ¥13.19bn in September, while ticket sales to support the country’s sports industry reached ¥19.92bn, according to the ministry.
Lottery sales to support the welfare system increased by 4.85% from October’s figures whilst the sports lotteries sales increased by 18.57%, recovering from a 13.4% drop-off in sales in October.
The Ministry of Finance has confirmed that, in the first 11 months of 2021, total lottery sales amounted to ¥341.03bn, up 14.7% year on year.
Under China’s lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and prize winnings.
