Sales of official lottery products in mainland China in the first six months of 2017 topped RMB205.03 billion (US$30.3 billion), up by 5.5 percent compared to the prior-year period, according to data released by the Chinese Ministry of Finance on Friday.
Sales of welfare lottery tickets totalled RMB106.13 billon in the period, an increase of 3.7 percent compared to the same period last year. Sports lottery sales increased by 7.6 percent year-on-year to RMB98.92 billion.
The official data also showed that during the six months to June 30 sales went up in 24 of 31 provinces and municipalities of mainland China authorised to sell lottery tickets.
Guangdong continues to be the leading lottery market in mainland China. The province’s lottery ticket sales in the first half of 2017 stood at RMB19.86 billion, up slightly by 0.4 percent from a year earlier.
The eastern Chinese province of Shandong was the second largest market for lottery products. Total lottery ticket sales went up by 5.9 percent year-on-year to RMB16.67 billion in the first six months of this year.
Provinces that recorded a more sizeable growth in lottery ticket sales in the period include Hubei, Jiangxi, Chongqing and Fujian, according to Friday’s data.
For the month of June, sales of lottery tickets fell by 0.3 percent year-on-year, to RMB33.84 billion.
Welfare lottery sales reached RMB17.82 billion last month, up by 8.8 percent year-on-year; but sports lottery sales declined by 8.9 percent to RMB16.02 billion.
Sep 19, 2018Nowadays, millennials, people who were born in the 1980s or...
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Nov 19, 2018Taiwan-based Jumbo Technology Co Ltd, a supplier of electronic table games, is exploring the chance for some forms of gaming operation in Cambodia and the Philippines, its business development...
Nov 19, 2018
"Most investors believe that Macau is ‘uninvestable’. Our experience has been that when opinions are so unanimously negative, then the risk/reward is skewed to the upside"
Japanese brokerage Nomura