Strong demand propels lottery sales to 33b yuan
Lottery sales in China during October reached 32.7 billion yuan ($5.34 billion), a 20.3 percent year-on-year growth, the FinanceMinistry said on Thursday. Welfare lottery sales reached 17.75 billion yuan, up 14.5 percent year-on-year. Sports lottery sales rose 27.9 percent year-on-year to 14.95 billion yuan. In the first 10 months of 2014, total lottery sales stood at 312.11 billion yuan, up 24 percent from a year earlier. Under the lottery management rules, proceeds from lottery ticket sales cover administrative fees and public welfare projects as well as the jackpot. Last year, total lottery sales topped 309 billion yuan, up 18.3 percent year-on-year, ministry data showed.