Overview on China's Legal Lottery
Market
According to reports by China's Ministry of Finance,
China's total lottery sales revenue has been enjoying rapid growth in recent
years and reached a record high of 81.93 billion Yuan (US$10.5 billion) in
2006, an increased of 10.54 billion Yuan from 2005's RMB 71 billion (US $8.6
billion). Analysts predict that China's lottery market will reach RMB 200
billion (US$25 billion) in 2008. Every day about 229 million Yuan (US$29.5
million) of lottery tickets were sold in China in 2006 (excluding the eight
days around the Chinese New Year holidays when lottery sales were suspended).
Of the total, sales from China Welfare Lottery, the only national lottery
approved by the Chinese government, hit 49.5 billion Yuan (US$6.2 billion) in
2006, up 20 percent from 2005. The sales of the Sports Lottery increased 2.1
billion Yuan to 32.3 billion Yuan (US$4.15 billion). In 2006, China raised
27.76 billion Yuan (US$3.57 billion) in public welfare funds from lottery
sales, 12.3 percent more than in 2005. The ministry said the fund was equally
shared by the central government and the local governments, which will be
mainly used for social welfare, such as the development of public sports
facilities, education and health care for the handicapped. A large part also
went to the social security fund to fill its deficit. China launched its first
lottery in June 1987. Lottery ticket sales are one of the major sources of
funds for building community sports facilities and financing the country's
social welfare programs. Other than the two government sponsored lotteries
(Welfare Lottery and Sports Lottery), all other forms of gambling are illegal
in mainland China. China's lottery market has expanded quickly over the last
two decades but the China Welfare Lottery Management Center still describes the
penetration of lottery in China as low. As in 2006, China's per capita lottery
sale accounts for only 0.663 percent of the per capita net income, which is
equivalent to only 1-2 percent of the world average.
China lottery experts
projected that China's lottery market to grow by CAGR of 31% to US$34.5bn by
2010 to become the world's second-largest lottery market after the US, which
turned over US$54.2bn in 2005. In per capita terms this would equate to US$26
for China's lottery, among the lowest in the world.
SOURCE:
PacificNet, Inc.
VODone Aggressively
Expands in the PRC Lottery Market
HONG KONG, SAR (December
7, 2009) -- VODone Limited ("VODone" or the "Company"; stock code: 0082.HK), is
pleased to announce that it is committed to expanding its business in upstream
and downstream areas....................Subscribers
Sports Lottery Official
Says 'Twin Lottery Tickets' Possible
SHANGHAI, China
(December 2, 2009) - A lottery official said it is possible the computer-chosen
numbers on two lottery tickets can be identical, responding to some Netizens'
suspicions over the latest sports lottery, local news sources
report.....................Subscribers
China's Lottery Sales
Hit CNY84.62 Billion in First Eight Months
BEIJING, China
(October 6, 2009) – The News Services reported China's lottery sales in
the first eight months reached CNY84.62 billion (US$12.44 billion), up
...................Subscribers
Asian Theme Sports
Lottery Top Prize Totalling 250,000 RMB
GUANGDONG, China
(September 25, 2009) China Sports Lottery Administration Centre under the
General Administration of Sport of China is pleased to announce the launch of
Asian Games-themed sports lottery from September 26 throughout Guangdong
Province, which has a top prize of 250,000 RMB...................Subscribers
China Issues First
National Regulation on Lotteries
CHINA (May 13, 2009) --
China's two official lotteries were the big winners yesterday when legislators
brought in the first rules to govern the previously unregulated lottery
industry....................Subscribers
Lottery Industry is Big
Business in China
China's Lottery Industry could
topple those of the United States and become the world's first hundred billion
dollar lottery
CHINA (April 27, 2009) -- China's lottery could
topple those of the United States and become the world's first hundred billion
dollar lottery, according to China Center for Lottery Studies at Peking
University.........................Subscribers
China
Sports Lottery Officials Visit Georgia Lottery
ATLANTA,
Georgia (March 27, 2009) – Officials from the China Sports Lottery
(CSL) visited the Georgia Lottery Corp. on Wednesday to learn more about
operating a successful lottery. Georgia Lottery President and CEO
Margaret DeFrancisco made a
presentation on best practices to CSL officials..................Subscribers
Beijing Company Poised to Offer scratch Cards on Mobile Phones
Before the End of the Year
BEIJING, China (March 16, 2009)
-- SunLoto Network &
Technology Co., Ltd, a Beijing-based mobile lottery business that sells
Chinese national lottery tickets over
mobile phones, is hoping to offer scratch cards on mobiles before the end of
the year pending regulatory approval....................Subscribers
Scientific Games China Begins Instant Ticket Production
NEW YORK, USA (January 09, 2009) -- Scientific Games China
("SGC"), a wholly-owned subsidiary of Scientific Games Corporation, announced
today that it has commenced the production of instant lottery tickets in the
People's Republic of China ("PRC") for China Sports Lottery Printing, Ltd.
("CSLP") in late December 2008. Furthermore, the Company is proud to announce
that instant ticket retail sales in the PRC exceeded..................Subscribers
|
