China's lottery industry boosted by strong November sports lottery sales - Capital Business
Connect with us

Hi, what are you looking for?

The winning numbers -- 10, 13, 14, 22, 52 and a Powerball of 11 -- were drawn just before 11:00 pm eastern time (0300 GMT Sunday) and the winning ticket was sold in Florida, according to the competition's website/AFP

World

China’s lottery industry boosted by strong November sports lottery sales

BEIJING, Dec. 31 (Xinhua) — China’s lottery ticket sales surged by 56.6 percent from a year ago to top 51.84 billion yuan (about 7.44 billion U.S. dollars) in November, driven by strong sales of sports lottery tickets, data from the Ministry of Finance showed.

Lottery tickets sold to support the sports industry jumped 94.6 percent year on year to nearly 38.77 billion yuan, as the 2022 FIFA World Cup opened in late November, according to the ministry.

Sales of lottery tickets to support the welfare system came in at 13.08 billion yuan last month, a decrease of 0.8 percent from a year ago.

In the first 11 months of 2022, China’s lottery ticket sales stood at 362.8 billion yuan — up 6.4 percent compared with the same period last year — the data showed.

Under China’s lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and to fund prizes.

Visited 1 times, 1 visit(s) today

More on Capital Business

World

NOC 27 – Tesla has opened its largest sales and service hub in India even as the EV giant struggles with weak sales in...

World

NEW YORK, Nov. 4 (Xinhua) — Ford Motor Company sold 175,584 vehicles in the United States in October this year, up 1.6 percent year...

World

Click here to connect with us on WhatsApp HELSINKI, Oct. 23 (Xinhua) — Finland-based network equipment maker Nokia beat market expectations as it on...

World

NAIROBI, Kenya, Oct 7 – Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there...

Technology

OCT 4 – Electric vehicle (EV) sales in the UK hit a record high last month, according to the latest industry figures. Click here...

World

SEPT 5 – Lululemon shares fell sharply on Thursday after the company warned over the impact on its business of US President Donald Trump’s...

Technology

JULY 15 – US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. Click here...

Top Story

NAIROBI, Kenya, July 9 – Automotive and equipment distributor Car and General (C&G) has announced new measures to combat the growing threat of counterfeit...