China lottery sales plummet 9.4% in February

Lottery sales in mainland China continues its downward trend in the first two months of 2016.

New data from the country’s Ministry of Finance revealed that total lottery sales for February amounted to RMB22.454 billion (US$3.45 billion), down 9.4 percent or RMB2.335 billion compared to last year’s figures. Welfare lottery sales was also lower by 5.2 percent at RM12.341 billion compared to the same period last year, while sports lottery dropped 14.1 percent year-on-year to RMB1.663 billion.

No explanation was given on the lottery sales dip, but it’s worth noting that sales of lottery products, except for instant lottery, were suspended during the Chinese New Year holiday, which lasted for a week.

Still, 16 of the 31 provinces that are authorized to sell lottery products reported an increase in sales for the February period. Majority of the said provinces—including Hubei, Jiangsu, Henan, Sichuan and Yunnan—saw double-digit increase in sales year-on-year, according to the finance ministry.

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