In January, China’s Ministry of Finance reported that lottery ticket sales had reached CNY33.22bn, with the surge being largely attributed to the high sales of sports lottery tickets.

Ticket sales on the rise

The Ministry of Finance in China has revealed that sales of lottery tickets in January soared to CNY33.22bn, with the growth being largely fueled by the exceptional sales of sports lottery tickets.

In January, the sales of lottery tickets to support welfare systems declined by 22.4 percent compared to the previous year, amounting to 10.84 billion yuan. On the other hand, lottery ticket sales for supporting the sports sector increased by 32.9 percent year-on-year to 22.38 billion yuan.

As per China’s lottery management regulations, the revenue generated from ticket sales is utilized for administrative expenses, funding prizes, and supporting public welfare initiatives.