Category Archives: Lottery

Gov’t punts on online expansion to boost Korea’s lottery sales

In a bid to improve buyer convenience, South Korea’s lottery sector is about to go live—online.

The Ministry of Strategy and Finance recently decided to allow South Koreans to buy Lotto, the most popular lottery ticket in the country, online by the end of 2018, the Korea Times reported.

Under the measure, the government will introduce a 5 percent cap on online sales and will limit the amount that each player can buy online “due to concerns over individual speculative drive.”

Before buying Lotto online, players will also need to undergo a confirmation process to check whether the buyer is an adult.

First-quarter lottery sales jump 4.9% in China

Strong performance in provinces and cities have propelled mainland China’s lottery sales in the first quarter of 2017.

Official data from the country’s Ministry of Finance showed that mainland China’s total sales from official lottery products jumped 4.9 percent year-on-year in the first three months ending March 21 to reach an estimated RMB95.25 billion (US$13.84 billion). Welfare lottery sales was also up 3.5 percent year-on-year to RMB51.34 billion, while sports lottery sales climbed 6.6 percent year-on-year to reach RMB43.91 billion.

For the month of March, the domestic lottery saw its sales rose 6.3 percent year-on-year to RMB37.9 billion (US$5.5 billion), while welfare lottery ticket sales increased 3.8 percent year-on-year to RMB19.8 billion. Sales of sports lottery tickets went up 9.2 percent to reach RMB18.1 billion.

March’s figures mark the second month that the domestic sector saw a turnaround from January’s dismal numbers. Two months ago, lottery sales in China dropped 10.7 percent due to the timing of the New Year holiday, which began in late January.

Are lawmakers selling the Texas Lottery short?

Texas Lottery officials are worried they will have to cut back on the variety of scratch-offs offered — and on the advertising that promotes the games — now that Texas budget writers are considering cutting as much as $18 million from the agency’s budget.Texas, Financials, Scratch Games, Advertising, Education, Marketing, Government, Budget