China’s official lottery sales are still feeling the effects, albeit slightly abated, of the post-World Cup betting frenzy.
For the month of November, overall lottery sales on the mainland reached RMB42.17 billion ($6.14 billion), a 10.8% increase over the same period in 2017, according to official data from the Ministry of Finance. Total lottery sales are up 21% year-on-year during the January-November period, with the country selling RMB468.45 billion (US$68.22 billion) worth of lottery products.
The growth recorded last month was slightly lower than the figures posted in October, when overall lottery sales hit RMB43.2 billion (US$6.2 billion). The sports lottery business continues to prop up the overall numbers, increasing 20.1% year on year to RMB23 billion (US$3.35 billion). For the year-to-date, sports lottery sales are up 38.7% to RMB264.5 billion (US$38.52 billion).
Although sport lottery’s monthly totals have shrunk after the month-long World Cup sales frenzy, it still overtook the once dominant welfare lottery, which continues to lounge on the back seat with its November sales growing a mere 1.6% to RMB19.72 billion (US$2.87 billion) from the prior-year period. On a year-to-date basis, welfare lottery’s numbers rose 3.9% year-on-year to reach RMB203.95 billion ($29.70 billion).