Category Archives: Lottery

China lottery sales decline sharply following positive January

China’s lottery sales have been on the rise, seeing significant profits throughout 2018 and into January of this year, but February proved to buck the trend. According to the country’s Ministry of Finance, China’s lottery sales fell by as much as 8.8% in February, ending the streak of success that the country had seen over the last 13 months.

The truth is that some decline was not seen as a surprise. The increase in 2018 came as a result of the World Cup, which drove overall lottery sales. It was really the sports lottery that pushed revenue to increase by 8.4% overall, with a 37% increase coming from the World Cup alone.

This was the third year in a row that the lottery sales market had increased its revenue. While sports lottery sales drove the rapid increase, there was still a modest increase in the welfare lottery sales as well, which increased by 3.5% over the numbers from 2017.

January 2018 got off to a fast start, once again driven by the sports lottery. The AFC Asia Cup tournament produced 56% of the overall lottery sales revenue, approximately CNY26.74 billion. However, this was not the only driving force. Welfare lottery sales still increased by 9.7% over the sales in the same month of 2017. Of the 31 cities and provinces in China that are authorized to sell lottery tickets, all but a handful reported an increase.

NJ joins DOJ lawsuit over Wire Act interpretation

New Jersey is joining New Hampshire, Pennsylvania, and several lottery companies in a suit seeking to invalidate the U.S. Department of Justice’s legal ruling last year which critics said could hurt the state’s multibillion-dollar online gaming and sports betting industries, Attorney Gurbir Grewal announced Monday.New Jersey, Legal, Online Gambling, Retailer, Technology, Online Ticket Sales, Government, Lawsuit