South Korea gambling revenue slips in 2013

    Total sales in gambling-related businesses in South Korea, including lotteries, horse racing and cycle racing, slipped to 19.34 trillion won ($18.2 billion) last year, down from 19.54 trillion won the year before, according to government data. 

    However, lottery ticket sales rose to a five-year high, reaching 3.2 trillion won last year. That’s up from 3.19 trillion won a year ago. Over the past five years, lottery sales have surged about 35 percent, boosted by online games, which totalled 2.99 trillion won last year.