Why did China’s lottery slump in 2015?

Why did China’s lottery slump in 2015?

Friday, January 22, 2016 Totally Gaming
Economic and regulatory factors were thought to have influenced the decline

China’s lottery sector slumped by 3.5 per cent in 2015, as growth and the suspension of online sales took its toll.

While lotteries in the US and UK recently paid out record jackpots, figures released on Thursday by China’s Ministry of Finance showed that total sales fell to CNY367.9bn (€51.5bn/$55.8bn).

The Ministry said that welfare lottery sales were down 2.2 per cent year-on-year in 2015 to $30.6bn while sports lottery sales fell by 5.7 per cent to $25.2bn.

The decrease in sports sales could be related to the Fifa World Cup taking place in the previous year, but April’s suspension of online lottery sales, after widespread corruption was alleged at provincial administration centres, and the continuing problems in China’s economy, are thought to be the major reasons for the overall decline.

Despite the decrease in sales, the figure is still 18-per-cent higher than that recorded for 2013.

Meanwhile, more promising figures for the sector show that more than half of South Koreans bought a lottery ticket at least once last year. According to a survey conducted by the Ministry of Strategy and Finance, 56.5 per cent of respondents – a 2.8-per-cent rise year-on-year - said they had played lottery games in 2015.

While the survey did not say how much had been spent during the year, a total of $2.7bn worth of lottery tickets was sold in 2014.

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