China’s Welfare and Sports lottery ticket sales totalled ¥29.72bn ($4.27bn) in October, up 1.1% year-on-year.
Data from the Ministry of Finance revealed sales of lottery tickets to support the sports industry played the most significant role in this rise, increasing by 11.4% YoY to ¥18.73bn ($2.69bn), “mainly due to the increase in quiz events”.
Conversely, sales of lottery tickets to support the welfare system came in at ¥10.99bn ($1.58bn) in October, down 12.7% YoY. This decline was largely attributed “to the one-time factor of the same period of the previous year, which raised the base due to the one-time factor of instant ticket distribution”.
October’s figures are also a decrease on the previous month, September, when China’s Welfare and Sports lottery ticket sales totalled ¥33.33bn ($4.64bn).
Across the first ten months of 2022, China’s lottery ticket sales reached ¥310.96bn, up 1% compared with the same period last year.
The first half of the year proved particularly fruitful as sales added up to ¥182.06bn ($26.91bn), an increase of 2% on the first half of 2021.
Under China’s lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and prize winnings.
