China’s Welfare and Sports Lotteries enjoys 16.6% YoY sales growth in February

China's Welfare and Sports Lotteries
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China’s Welfare and Sports Lotteries yielded ¥22.5bn in February, an increase of 16.6% year-on-year, according to data derived from the Ministry of Finance.

As reported by People’s Daily Online, sales of lottery tickets to support the welfare system totalled ¥9.4bn in February, rising 19.7% year-on-year.

Meanwhile, lottery ticket sales to support the sports industry grew 17.9% from the same period last year, with sales amounting to ¥13.1bn in February 2022.

Data from the first two months of 2022 shows combined lottery sales of ¥53.3bn across January and February, split across the two lotteries.

The welfare lottery has achieved ¥23.4bn in sales while the sports lottery has brought in ¥29.9bn worth of sales.

It was revealed earlier this year that China’s Welfare and Sports Lotteries sales totalled ¥373.3bn in 2021, a growth of 12%, despite enduring slumps in August and September after a promising start to the year.

Between June and October, figures continued to fall before an upturn in results in November, where its sales grew 12.7% from the previous month.

Under China’s lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and prize winnings.