BUSINESS

China lottery sales leap to $43B in September

TAGs: China, Jasmine Solana, sports lottery

Sales from official lottery products in China are up in the first nine months of 2016, according to the country’s Ministry of Finance.

China lottery sales leap to $43B in SeptemberOfficial data from the finance ministry indicated that total lottery sales in the January to September period reached RMB289.74 billion (USD42.74 billion), a 6.6 percent increase compared to the same period in 2015.

Sales of welfare lottery products contributed RMB151.34 billion—a 1.6 percent jump year-on-year, according to the Ministry of Finance. Sports lottery sales also jumped 12.6 percent year-on-year to RMB138.40 billion. Combined sales for the two systems in September totaled RMB32.07 billion, a 10.3 percent increase year-on-year.

The ministry said sales were up in most of the 31 provinces and cities of mainland China that were authorized to sell lottery tickets, including Shandong (RMB5.1 billion), Hunan (RMB4.03 billion), Shaanxi (RMB3.94 billion), Gunagdong (RMB3.69 billion) and Hubei (RMB3.52 billion). Tibet also recorded a 42.6 percent year-on-year increase, while sales in Qinghai province and in Hubei province were up by 2.5 percent and 31.4 percent year-on-year, respectively.

China LotSynergy bags second contract in Henan province

China LotSynergy’s subsidiary, Guangzhou Lottnal Terminal Company Limited, has won a second bid to supply sports lottery terminals in the Henan province.

This is the second time in which Lottnal has won a single batch bid for 1,000 units of terminals for the Henan Sports Lottery Administration Center. The company had already supplied 1,000 units of lottery terminals to the Henan province in July 2015.

Henan is considered to be among the leading players in China’s sports lottery space. In 2015, Henan province’s sports lottery ranked among the top five provincial markets with lottery sales exceeding RMB10 billion. Sales of sports lottery in Henan province grew 20.7% year-on-year to reach RMB7.6 billion in the first eight months of 2016, far exceeding the 12.3% growth of China sports lottery market and the 6.1% growth of overall Chinese lottery market.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com