Chinese lottery sales down 35% in April


first_img Chinese lottery sales down 35% in April Email Address 26th May 2020 | By contenteditor Subscribe to the iGaming newsletter Chinese lottery sales continued their recovery into April, though with the novel coronavirus (Covid-19) pandemic not allowing some provinces to resume sales until May, the monthly total was down 35.0% year-on-year. Regions: Chinacenter_img Chinese lottery sales continued their recovery into April, though with the novel coronavirus (Covid-19) pandemic not allowing some provinces to resume sales until May, the monthly total was down 35.0% year-on-year.Sales for April amounted to CNY23.39bn (£2.67bn/€3.00bn/$3.27bn), compared to CNY35.99bn in the prior year, according to the latest figures from the Chinese Ministry of Finance.Of this total, CNY11.91bn came from the Welfare Lottery, down 26.9%, while Sports Lottery sales declined 41.8% to CNY11.48bn.For the first four months of 2020, total lottery sales have fallen 57.1% to CNY61.11bn, after Covid-19 brought the industry to a halt. The biggest impact was seen in February, when total sales were almost wiped out by the pandemic.Looking at the breakdown of sales by product type, digital products actually grew year-over-year, with the channel’s contribution rising 11.8% to CNY20.61bn. This, however, failed to offset steep declines across a number of other verticals.Quiz-style game sales fell 95.9% to CNY432.5m, while video lottery sales – which had been zero in February and March, amounted to CNY300. Instant win games’ contribution was down 7.7% at CNY2.34bn, while keno brought in CNY2.7m, down 81.9%.During the month, only three provinces – Tibet, Xinjiang and Qinghai – reported marginal growth in lottery sales. For the year to date, however, sales across all provinces have declined, the Ministry noted. Topics: Finance Lottery Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img

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