November 29, 2019

China’s Lottery Sales Down By 5%

China’s Lottery Sales Down By 5%

China’s Lottery had a not-so-pleasant month in October as it recorded a 35% decrease in sales. China’s Ministry of Finance reported that the country’s lottery sales for October were only RMB 27.55 billion (US $3.9 billion) This figure indicates a 34.8% year-on-year decline in revenue.

Revenue from the lottery was also down by 13% year-on-year in September. Sports lottery sales in October went down by 36.2% to RMB 14.9 billion whereas the welfare lottery went down by 33% to $12.7 billion. Overall lottery sales for this year so far went down by 19.3% to RMB 323.6 billion.

The decline in lottery sales revenue for October has been attributed to the first time ban imposed by the government on lottery sales during the annual National Day holiday.

Gambling is banned in Mainland China and the government is doing its best to keep its population away from all forms of gambling activities.

New measures were recently introduced to crack down video games and protect vulnerable minors from being exposed to online gaming.

Official guidelines were announced and six new measures, aimed at preventing minors from “indulging in online games” were issued.

Following the new measures, minors are banned from accessing online video games between 10:00 p.m. and 8:00 a.m. Minors are also prohibited from accessing online video games on any given day besides national holidays.

According to the government, “Everyone, regardless of age, is prohibited from playing games that depict ‘sexual explicitness, goriness, violence, and gambling’.”

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