Wednesday, 20 April 2016

China lottery sales fall by 9.4 percent in February 2016

Lottery sale of Mainland China dips around 9.4 percent in February year-on-year to approximately RMB22.45 billion, according to official data of the country's ministry of finance.
Welfare lottery sales was up to RMB12.34 billion in February, dips by 5.2 percent compared to the previous year period, on the other hand sports lottery sales dropped by 14.1 percent.

Official released statement from the ministry says there is no particular explanation for the reason in sales drop.  Sales of all lottery types apart from instant lottery were halted during the week long holiday for Chinese New Year, started on February 7.

In February, lottery ticket sales went up year-on-year in 16 of the 31 provinces and cities of Mainland China.  Majority of the 16 provinces recorded a rise in sales saw double- digit advances, according to official data.

The ministry data also declared year-on-year comparisons of total sales in the first two months of the year.  Gundodong province recorded the highest aggregate sales in January and February for the Welfare Lottery on the other hand it recorded a decline in Welfare Lottery sales for the province when compared to a year before.

Guangdong sold the highest cash value of sports lottery tickets in the first two months, with sales hiking up by 3.1 percent from the prior year period.

Sales of lottery products fell by 30.3 and 53 percent in Beijing and Shanghai respectively in the first two months of the year.

Combined lottery sales in the first two months of this year amounted to approximately RMB55.1 billion, a year-on-year fall of 13.9 percent.  Welfare Lottery sales dipped by 6.8 percent to RMB30.47 billion, while sales of sports lottery products decreased by 21.4 percent to RMB24.63 billion.

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