Sports lot­tery sales surge

China Daily (Canada) - - FRONT PAGE -

China’s sports lot­tery sales grew 32.8 per­cent in 2014 to 176.41 bil­lion yuan ($28.38 bil­lion), well ahead of in­dus­try ex­pec­ta­tions of 100 bil­lion yuan be­cause of the World Cup

Sports sales ac­counted for nearly half of the coun­try’s to­tal lot­tery sales, which in­creased 23.6 per­cent from the pre­vi­ous year to 382.38 bil­lion yuan.

The sports lot­tery was in­tro­duced to raise funds for the 1990 Asia Games in Beijing. After ad­min­is­tra­tive fees and jack­pot pay­ments, the net pro­ceeds go to pub­lic wel­fare projects.

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