{"id":274,"date":"2024-06-28T05:00:26","date_gmt":"2024-06-28T02:00:26","guid":{"rendered":"https:\/\/7bitcasinobonuscode.icu\/2024\/06\/28\/chinas-lottery-revenue-drops-4-6-in-november\/"},"modified":"2024-06-28T05:00:26","modified_gmt":"2024-06-28T02:00:26","slug":"chinas-lottery-revenue-drops-4-6-in-november","status":"publish","type":"post","link":"https:\/\/7bitcasinobonuscode.icu\/2024\/06\/28\/chinas-lottery-revenue-drops-4-6-in-november\/","title":{"rendered":"China&#8217;s Lottery Revenue Drops 4.6% in November"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/4OhKjyjlFTc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Chinas lottery revenue experienced a decrease of 4.6 percent in November compared to the same period in the previous year, according to a report issued by the Ministry of Finance. The primary factor contributing to this decline was the near-zero sales of video lottery tickets during the month.<\/p>\n<p>The overall revenue in November decreased from 37.77 billion yuan to 36.04 billion yuan (approximately 4.08 billion pounds\/4.54 billion euros\/5.58 billion dollars). Of this total, sales of sports lottery tickets reached 21.02 billion yuan, showing a decrease of 0.2%, while sales of welfare lottery tickets amounted to 15.02 billion yuan, representing a year-on-year decline of 10.1%.<\/p>\n<p>In the realm of sports lottery, digital lottery sales experienced an increase of 10.3% to 9.8 billion yuan, making it the most sought-after product among participants, while sales of sports betting games declined by 11.4% to 9.6 billion yuan.<\/p>\n<p>Concurrently, instant lottery sales witnessed an increase of 21.3% to 1.6 billion yuan, while video lottery sales plummeted by 80.0% to a mere 16 million yuan.<\/p>\n<p>In terms of welfare lottery, video lottery sales completely vanished in November, leading to a decline in total sales for the month despite the increase in sales through its core digital lottery channel, which reached 13.1 billion yuan.<\/p>\n<p>Simultaneously, instant lottery sales amounted to 1.57 billion yuan, representing an increase of 1.2%, with Keno lottery sales demonstrating the most rapid growth, as customer spending reached 3.4 million yuan, surpassing the 154,400 yuan recorded during the same period in the previous year.<\/p>\n<p>Lottery revenue in 14 provinces experienced year-on-year growth in November, with Guangdong, Xinjiang, and Guizhou witnessing the most significant increases. <\/p>\n<p>Chinas lottery revenue has hit 297.44 billion yuan, a decrease of 22.0% compared to 2019, based on November&#8217;s figures.<\/p>\n<p>Sales of welfare lotteries have decreased by 25.1% to 129.22 billion yuan, while sports lottery sales have dropped by 19.4% to 168.22 billion yuan.<\/p>\n<p>The Chinese government declared in October 2020 that it would cease selling high-frequency lottery tickets, also known as instant-win lottery tickets, which will have a significant effect on the country&#8217;s lottery industry.<\/p>\n<p>Starting November 1st of last year, provincial lottery tickets were limited to high-frequency lotteries, and the final high-frequency lottery will be removed after the Spring Festival holiday in February.<\/p>\n<p>Sign up for the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinas lottery revenue experienced a decrease of 4.6 percent in November compared to the same&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - 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