The China Sports Lottery is one of two state-run lotteries serving local residents in Mainland China. The Chinese government does not legally consider the lotteries a form of gambling.
China lottery sales declined for the second month in a row in March, with sales growth decline felt in both the welfare lottery and sports lottery. According to data from the Ministry of Finance, total lottery sales fell 13 percent year-on-year to RMB34.95 billion (US$5.2 billion). Welfare lottery sales fell 16.4 percent year-on-year to CNY16.6 […]
Chinese authorities are downplaying reports circulating on social media that RMB136 billion ($19.5 billion) has been embezzled from the state lotteries by corrupt officials.
Mainland China’s lottery sales increased by 13.3 percent year-on-year in the month of September, driven by continued growth in its sports lottery. According to data released by the Ministry of Finance on Thursday, total lottery sales reached RMB 41.8 billion (US$6 billion) in the month. This was driven by a 24.3 percent increase in sports […]
Lottery sales in China climbed 19.6 percent in the first half of 2018, reaching RMB245.2 billion (US$36.1 billion), according to China’s Ministry of Finance. China’s sports lottery saw the biggest jump in sales, increasing 36.1 percent to RMB 134.6 billion, while the welfare lottery sales increased by 4.2 percent to RMB 110.6 billion. The Ministry […]
China lottery service provider AGTech Holdings said it was able to vastly increase brand awareness and recognition as a result of creative sports lottery marketing campaign utilizing the Alipay network. Launching on March 9, 2018, the promotion saw millions of Alipay users participating in the innovation promotion to win China Sports Lottery’s signature instant scratch […]
Chinese lottery supplier 500.com recorded a net loss of RMB 72.2 million ($10.9 million) in the third quarter of 2017, with the temporary suspension of online lottery sales continuing to weigh. Net revenues increased to RMB43.2 million, up from RMB19.3 million in the second quarter and nil in 16Q3. The company noted its acquisition of […]
Lottery sales in Mainland China increased by 15.1 percent year-on-year to approximately RMB36.9 billion (US$5.6 billion) in September, according to data from the Ministry of Finance. The increase was driven by a 24.4 percent increase in sales of sports lottery tickets, which amounted to RMB19.3 billion in the month. Welfare lottery sales also saw growth […]
China lottery sales recorded 13.1 percent year-on-year growth in August, reaching RMB35.1 billion (US$5.3 billion), according to data from the Ministry of Finance. During the month, sales of welfare lottery tickets rose 10 percent, while sports lottery sales went up 16.4 percent. Strong sales were recorded in Hunan, Fujian, Guangdong, Henan and Zhejiang, according to […]
China saw its monthly lottery sales fall slightly in June, going down 0.3 percent year-on-year to RMB 33.8 billion (US$5 billion), according to data from the Ministry of Finance. Welfare lottery ticket sales increased 8.8 percent year-on-year to RMB 17.8 billion, while sports lottery sales fell 8.9 percent to RMB 16 billion, said the […]
Mainland China’s lottery sales rose 8.9 percent year-on-year in May, reaching approximately RMB 37.7 billion (US$5.5 billion), according to data from the Ministry of Finance. Welfare lottery sales was down 0.8 percent in May year-on-year to RMB 18.23 billion, while sports lottery sales jumped 19.8 percent to RMB 19.5 billion. Sales were up in 22 […]
Mainland China lottery sales in April totalled CNY38.2 billion (US$5.5 billion), representing a rise of 9.6 percent year-on-year, according to data from the Ministry of Finance. Welfare lottery ticket sales increased 4.3 percent year-on-year to CNY18.7 billion, while sports lottery sales went up 15.2 percent to CNY19.5 billion. For the first four months of 2017, […]
Lottery sales in China rose 6.3 percent year-on-year to CNY 37.9 billion (US$5.5 billion) in March, according to the Ministry of Finance. Welfare lottery ticket sales increased 3.8 percent year-on-year to CNY 19.8 billion in the month, while sports lottery sales went up 9.2 percent to CNY 18.1 billion, noted the ministry. Lottery sales grew […]
Mainland China lottery sales reached RMB 28.2 billion (US$4.1 billion) in February, up 25.4 percent year-on-year, according to the latest data from the Ministry of Finance. Welfare lottery sales increased by 23.9 percent to RM15.3 billion, while sports lottery sales went up 27.1 percent to RMB12.9 billion. Lottery sales for the first two months of […]
The Ministry of Finance reported January lottery sales in Mainland China fell by 10.7 percent year on year to a total of RMB 29.2 billion ($4.23 billion), hurt by the timing of the Chinese New Year holiday. Welfare lottery sales decreased by 10.6 percent to RMB 19.2 billion while sports lottery sales dropped by 10.8 […]
China lottery sales rose 7.3 percent to RMB 394.6 billion (US$57.5 billion) in 2016, according to data from the Ministry of Finance. Welfare lottery sales rose 2.5 percent to RMB 206.5 billion, while sports lottery rose 13.1 percent to RMB 188.2 billion. December saw a 7.2 percent increase in overall lottery sales, with welfare lottery […]
China’s lottery sales rose 8.3 percent year-on-year to CNY 33.8 billion (US$4.9 billion) in October, according to the Ministry of Finance. Sales of welfare lottery tickets increased 6 percent year-on-year to CNY 17.3 billion in October, while sports lottery sales jumped 10.9 percent to CNY 16.5 billion, said the ministry in a statement. Lottery sales […]
China’s lottery sales rose 10.4 percent year on year to 31 billion yuan ($4.7 billion) in August, led by sales of sports lottery tickets. Sales of welfare lottery tickets increased 5.8 percent year on year to 15.9 billion yuan in August, while sports lottery sales jumped 15.7 percent to 15.1 billion yuan, the Ministry of […]
China’s sports lottery has reported overall sales in July up 19.8 percent to RMB 32.4 billion ($4.8 billion), according to figures released by China’s Ministry of Finance. Welfare lottery sales increased 6.7 percent year-on-year to RMB 16.6 billion, while sports lottery sales went up 37.6 percent to RMB 15.8 billion. In June, lottery sales reached […]
Lottery system provider Rexlot Holdings has reported a decline in profit for the six months ended June 30, 2016, due to a “challenging operating environment” and a slowdown in the economy. In a filing to the Hong Kong Stock Exchange, the lottery company said profit before taxation declined 73 percent to approximately HK$90.8 million in […]
Lottery sales in China were RMB 194.3 billion (US$29.3 billion) in the first half of 2016, up 3.5 percent year-on-year. According to data from the Ministry of Finance, welfare lottery sales declined by 0.5 percent year-on-year to RMB 102.3 billion in 16H1, while sales of sports lottery products went up 8.4 percent to RMB 92.0 […]
Lottery sales in mainland China saw a decrease of 9.4 percent year on year, to RMB22.5 billion (US$3.5 billion), according to recent figures released from the country’s Ministry of Finance. Welfare lottery sales went down 5.2 percent to RMB12.3 billion in February compared to the year before, and sports lottery dropped 14.1 percent to RMB1.7 […]
China’s lottery sales fell 3.8 percent year on year to RMB367.9 billion (US$55.9 billion) in 2015, according to data from the Ministry of Finance in China. Welfare lottery sales went down 2.2 percent in 2015 to RMB201.5 billion and sports lottery sales went down 5.7 percent to RMB166.4 billion. The slowdown in China’s economic growth […]
According to an announcement by China’s Ministry of Finance, total lottery sales in Nov. 2015 decreased by 10.2 percent year on year, to RMB 30.6 billion ($US4.7 billion), compared to RMB 34.1 billion in 2014. Total lottery sales from Jan. to Nov. 2015 has decreased 3.6 percent year on year to RMB 333.8 billion, compared […]
Lottery sales in China declined 2.9 percent year on year in the first 10 months of this year to 303.13 billion yuan (US$47.45 billion), according to a statement on the Ministry of Finance website. China’s lottery sales reached 31.23 billion yuan (US$4.88 billion) in October, a decline of 4.5 percent compared with the same period […]
China’s lottery sales slipped 27.3 percent year-on-year in July to RMB27.1 billion ($4.2 billion), according to state-news service Xinhua. Citing the Ministry of Finance, Xinhua reported that the decline was due to the high base comparison from the same period last year, driven by the World Cup 2014. For the first seven months of 2015, […]
Sales in China’s booming lottery market declined 6.3 percent to RMB30.81 billion ($4.9 billion) in the first year-on-year drop in more than two years after the government launched a crackdown on online sales. However, overall Q1 sales were up 18.5 percent to RMB 94.8 billion. Welfare sales dropped 5 percent to 17.82 billion in March […]
China’s lottery sector continues to boom, but uncertainty over how Beijing may react to the rapid growth continues to linger, with big questions over the future direction of online sales and sports betting.
There is no question that the global sports betting market is massive and growing fast. According to figures from respected statistics company, Statista, the global gross gaming yield now stands at about $400 billion, with the majority of that generated in Asia.
iGaming Congress 2015 round up by Jorge Godinho* The English Premier League continues to dominate the booming Asia sports betting market, helped by the fact that games are shown widely across the region and played in Asian prime time, however the Spanish league is gaining in popularity, the iGaming Asia conference heard last week.The iGaming Asia Congress, organized by Beacon, is a regular feature of the busy conference scene in Macau and this year’s event took place on March 17-19 at Melco Crown Entertainment’s City of Dreams resort. The event attracted more than 350 executives from the online gambling sphere. Although there are no specific figures on sports betting in Asia, about 44 percent of global gross gambling revenue from sports betting is thought to come from the region, and about 70 percent of global in-play betting according to a panel that included Ladbrokes, SBOBET, SBTech and BetConstruct.However punters are wary of some non-European leagues, as they are seen as posing a corruption risk and do not attract much betting. There have been various scandals of match-fixing or even totally non-existing games, called ‘ghost matches’. Betting firm SBOBET was recently the victim of such a ghost match that allegedly took place in Belarus and on which they paid out, but it was later discovered that the match never took place.In terms of betting trends, the majority of bets are made in-play, that is, during the event, and most of the revenue now comes from mobile devices.However, the latest novelty includes so-called ‘cash-out’ bets, which provide the possibility of settling the bet before the event has finished. Another is ‘fast markets’ bets, such as betting on what will happen in the next minute or five minutes, which allows many bets and settlements during a single game.The conference heard from Michael Charlton, General Manager - China for Ladbrokes and Geaspar Byrne, Head of Strategic Planning, that Beijing’s recent crackdown on online gambling may be linked to its own footballing aspirations. Authorities may be making a concerted effort to regulate the market ahead of the introduction of a proposed new soccer lottery to raise funds to develop the sport in China.The country has ambitious goals to improve the quality of its teams and a new lottery is one way of potentially raising the necessary revenue. Beijing is ultimately eyeing a bid to organize the FIFA World Cup in 2026. The existing Sports Lottery in China is booming, with last year’s World Cup in Brazil helping to drive revenue and highlighting the popularity of the sport. The Sports Lottery’s sales gained almost 33 percent in 2014 to RMB176.41 billion ($28.5 billion), although this has decreased by about half in 2015 following announcements by several online lottery distributors that they were closing down their online operations.During the conference, there was also much discussion related to the legality of online betting in Asia, including the difficulties that raises for sports sponsorship and advertising. As many jurisdictions restrict the advertising of online gaming, companies need to be creative and, for example, have brand ambassadors such as snooker players or other celebrities. Once acquired, Asian customers may stay for a relatively long time and the longevity of a site effectively tells the customer that it can be trusted, although the critical issue from a player perspective is the speed of payments.Online gambling is not legal in many jurisdictions and there is a certain ebb and flow. Operators may be prosecuted and payment processors, always a critical part, may be targeted by the authorities. A case in point is Singapore, which recently passed tough legislation against online gaming. All online betting sites were blocked and local financial institutions cannot process the payments. According to the new Remote Gambling Act no company anywhere in the world may take bets from Singapore, under threat of criminal sanctions. Matt Pollins, associate at law firm Olswang, said that enforcement may include arrests of company executives at Changi airport and extradition requests to Singapore, although it is debatable whether this would actually happen. The new law does not apply to social gaming, which provided the focus of attention for the first day’s sessions. The social gaming market in Asia is booming due to the explosion in the use of smartphones and tablets. A growing number of people in Asia only connect to the internet via mobile phones, and in many sites the vast majority of the traffic comes from mobiles. In Hong Kong there are 2.4 phones per person on average, and the hours spent using them are much higher in Asia than in Europe or America. Very often the devices are used as a second screen, given the modern propensity to multitasking and to have short attention spans. A presentation by Oona Chan, Head of Broadcasting for the Hong Kong Jockey Club, provided an excellent example of how their app can greatly enhance traditional passive TV viewing and provide a wealth of additional information not available elsewhere. However, speakers agreed that it is still very early days for wearable devices such as smart watches to have a significant impact in the market.The prize Asian markets are currently Japan, Korea and China. Various speakers stressed the need to localize the applications, adapting them to the particular tastes and preferences of each country and sometimes region. This may mean for example the inclusion of auspicious objects or the need to have native speakers in the customer support lines.Social gaming business is conducted using models such as free to play (free with subsequent purchases) and pay to play (either an upfront payment or a monthly subscription). However, the vast majority of players never buy anything and just play the free parts. The main platforms are iOS and Android, which take 30 percent of the gross revenue. Game developers must also pay publishers. Integration with social networks, such as for login, is quite important to generate traffic, as in each country there may be a dominant one. Loyalty points or rewards, virtual or real-world, help retain business, as well as good customer support.A special session on India moderated by Tim Shepherd, COO of Silver Heritage Group, highlighted that it is the largest untapped gaming market in the world due to a basic prohibition arising from a law passed in 1867. Vidushpat Singhania of FICCI confirmed that there is horse racing, lotteries, casinos in Goa, Daman and Sikkim, and online gaming only in the latter state. Gaming is regulated at state level and not at federal level. There is an acceptance of games of skill such as Rummy, and of social gaming, but the situation in online gaming may not change unless there is serious lobbying and a huge shift in public opinion. In any case, a speaker stressed that the situation may evolve and therefore interested companies should position themselves. A panel of speakers including the founder of the Bitcoin Foundation, Jon Matonis, Jiten Melwani, CEO of BitGame Labs, and Daniel Schwartzkopff of BetVIP also discussed gaming operations that use Bitcoin, the decentralized digital currency that uses peer-to-peer technology. Bitcoin transactions provide immediacy, privacy and irreversibility and cover all jurisdictions worldwide, which does not happen with major credit cards. Bitcoin payments, which do not require a bank account and do not incur processing fees, are popular in grey market online gambling and in fact 40 percent of all Bitcoin transactions relate to gaming. However, licensed operators should not try to operate using normal currencies as well as Bitcoin, as customer due diligence checks mandated by anti-money laundering laws may be difficult or impossible to perform. Many regulators do not allow this and may require the use of registered wallets or otherwise cancel the license of operators who do not satisfactorily comply.Another panel was devoted to the European sports betting scene, which is rapidly changing under pressure from the financial crisis and the European Commission. A significant number of jurisdictions are expected to start licensing operators in 2015, including Portugal, Greece, Romania, Serbia, Hungary, Liechtenstein and the largest market, Germany. However, a system whereby a single license would allow to offer betting services in all 28 European Union jurisdictions is not going to materialize any time soon.The gradual expansion of poker in Asia was touched upon. David Jung of Hero Poker maintained that online poker does not cannibalize offline poker, and in fact the integration between both is probably the best way to operate. In China there has been acceptance of poker, with tournaments being held in Hainan Island. In Macau, poker started in 2007 at the Grand Waldo and PokerStars is now operating at the City of Dreams.-- * Jorge Godinho is a visiting professor at the Faculty of Law of the University of Macau and an AGB Legal advisor.
China’s clampdown on online lottery sales is likely to have a significant impact on the country’s booming lottery market in the short term, but shouldn’t be read as a signal that Beijing is seeking to permanently shut down remote lottery distribution, experts say. E-commerce giant Alibaba on Tuesday said it was suspending sales of online lottery tickets in China, following in the footsteps of New York Stock Exchange-listed online lottery company 500.com, Tencent and others. Although estimates vary on how much of the RMB 382.4 billion ($61 billion) in 2014 sales were actually generated online, the amount is thought to have been “substantial.” However, industry insiders say the existing system was badly flawed and the suspension may pave the way for a much needed overhaul. Both legal lotteries in China, the Welfare Lottery and the Sports Lottery have a national brand and national regulation, but the day-to-day operations are organized at the provincial level. The province is also responsible for generating sales.