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China’s lottery sales still struggling

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China’s lottery sales still struggling

China’s lottery sales continue to increase following their lengthy COVID-19 suspension but still have a long way to go to regain their former glories.

The sales figures have been released by China’s Ministry of Finance, showing that April’s lottery sales hit more than double than March, but still representing a 35% decline from the same month last year.

China’s lottery operations have now posted year-on-year declines every month since February 2019. China halted all lottery sales in January and didn’t lift the prohibition until mid-March, although Beijing didn’t resume sales until this month.

Sports lottery sales continue to suffer from the global suspension of major sports events, resulting in April’s sales falling nearly 42% year-on-year to RMB11.5b. That decline allowed the welfare lottery to reclaim the leaderboard for the first time since March 2018 with sales of RMB11.9b, although that was down nearly 27% year-on-year.

Total sales through the first four months of 2020 are down 57.1% to RMB61.1b, with the sports lottery falling nearly 60% to RMB31.1b and welfare lottery off over 54% to RMB30b.

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