Lottery Sales In China Down 35 percent

Lottery Sales In China Down 35 percent

China’s Lottery had a terrible October. The sales plummeted by 35 percent. The country’s Ministry of Finance reported that the country’s October Lottery sales were RMB27.55b (US$3.9b). The figure represents a 34.8% year-on-year decline in revenue.

Earlier in September as well the revenue from lottery was down 13 percent year-on-year. Sports lottery sales in October dropped 36.2% to RMB14.9b while the welfare lottery was down 33% to $12.7b. The overall lottery sales so far this year are down 19.3% to RMB343.6b.

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

Gambling is banned in China and the government is pushing hard to keep the population away from all sorts of gambling activities.

Recently, new measures were introduced to crack down on video games to protect minors and vulnerable from being exposed to online gaming.

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

Following the new measures, there is a ban on online video games for minors between the hours of 10:00 p.m. and 8:00 a.m. Minors are also not allowed to access online video games on any given day except national holidays.

According to a state everyone, regardless of age, is prohibited from playing games that depict “sexual explicitness, goriness, violence, and gambling.”

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