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Overview on China's Legal Lottery
Market
According to reports by China's Ministry of Finance,
China's total lottery sales revenue has been enjoying rapid growth in recent
years and reached a record high of 81.93 billion Yuan (US$10.5 billion) in
2006, an increased of 10.54 billion Yuan from 2005's RMB 71 billion (US $8.6
billion). Analysts predict that China's lottery market will reach RMB 200
billion (US$25 billion) in 2008. Every day about 229 million Yuan (US$29.5
million) of lottery tickets were sold in China in 2006 (excluding the eight
days around the Chinese New Year holidays when lottery sales were suspended).
Of the total, sales from China Welfare Lottery, the only national lottery
approved by the Chinese government, hit 49.5 billion Yuan (US$6.2 billion) in
2006, up 20 percent from 2005. The sales of the Sports Lottery increased 2.1
billion Yuan to 32.3 billion Yuan (US$4.15 billion). In 2006, China raised
27.76 billion Yuan (US$3.57 billion) in public welfare funds from lottery
sales, 12.3 percent more than in 2005. The ministry said the fund was equally
shared by the central government and the local governments, which will be
mainly used for social welfare, such as the development of public sports
facilities, education and health care for the handicapped. A large part also
went to the social security fund to fill its deficit. China launched its first
lottery in June 1987. Lottery ticket sales are one of the major sources of
funds for building community sports facilities and financing the country's
social welfare programs. Other than the two government sponsored lotteries
(Welfare Lottery and Sports Lottery), all other forms of gambling are illegal
in mainland China. China's lottery market has expanded quickly over the last
two decades but the China Welfare Lottery Management Center still describes the
penetration of lottery in China as low. As in 2006, China's per capita lottery
sale accounts for only 0.663 percent of the per capita net income, which is
equivalent to only 1-2 percent of the world average.
China lottery experts
projected that China's lottery market to grow by CAGR of 31% to US$34.5bn by
2010 to become the world's second-largest lottery market after the US, which
turned over US$54.2bn in 2005. In per capita terms this would equate to US$26
for China's lottery, among the lowest in the world.
SOURCE:
PacificNet, Inc.
 China's Lottery Sales Hit CNY84.62
Billion in First Eight Months
BEIJING, China (October 6,
2009) – The News Services reported China's lottery sales in the first
eight months reached CNY84.62 billion (US$12.44 billion), up
...................Subscribers
Asian Theme Sports
Lottery Top Prize Totalling 250,000 RMB
GUANGDONG, China
(September 25, 2009) China Sports Lottery Administration Centre under the
General Administration of Sport of China is pleased to announce the launch of
Asian Games-themed sports lottery from September 26 throughout Guangdong
Province, which has a top prize of 250,000 RMB...................Subscribers
China Issues First
National Regulation on Lotteries
CHINA (May 13, 2009) --
China's two official lotteries were the big winners yesterday when legislators
brought in the first rules to govern the previously unregulated lottery
industry....................Subscribers
Lottery Industry is Big
Business in China
China's Lottery Industry could
topple those of the United States and become the world's first hundred billion
dollar lottery
CHINA (April 27, 2009) -- China's lottery could
topple those of the United States and become the world's first hundred billion
dollar lottery, according to China Center for Lottery Studies at Peking
University.........................Subscribers
China
Sports Lottery Officials Visit Georgia Lottery
ATLANTA,
Georgia (March 27, 2009) – Officials from the China Sports Lottery
(CSL) visited the Georgia Lottery Corp. on Wednesday to learn more about
operating a successful lottery. Georgia Lottery President and CEO
Margaret DeFrancisco made a
presentation on best practices to CSL officials..................Subscribers
Beijing Company Poised to Offer scratch Cards on Mobile Phones
Before the End of the Year
BEIJING, China (March 16, 2009)
-- SunLoto Network &
Technology Co., Ltd, a Beijing-based mobile lottery business that sells
Chinese national lottery tickets over
mobile phones, is hoping to offer scratch cards on mobiles before the end of
the year pending regulatory approval....................Subscribers
Scientific Games China Begins Instant Ticket Production
NEW YORK, USA (January 09, 2009) -- Scientific Games China
("SGC"), a wholly-owned subsidiary of Scientific Games Corporation, announced
today that it has commenced the production of instant lottery tickets in the
People's Republic of China ("PRC") for China Sports Lottery Printing, Ltd.
("CSLP") in late December 2008. Furthermore, the Company is proud to announce
that instant ticket retail sales in the PRC exceeded..................Subscribers
Betting on Horse Racing May be Legalized in
China
BEIJING, China (November 30, 2008) -- China has
carried out horse betting on a trial basis, signalling an ambition to restore a
form of gambling that was outlawed by the Communists six decades ago, state
media reported..................Subscribers
Two
yuan Turns Player Into Lottery Millionaire
SHANGHAI, CHINA
(July 24, 2008) -- A Lottery buyer in east China's Jiangsu Province has won a
record 20.56 million yuan (US$3 million) by spending just 2 yuan. The 85th
Super Sports Lottery had a prize pool of nearly 130 million yuan and a prize
for the winner of 20.56 million yuan for one draw, far beyond the 80th
lottery's three 11.15 million yuan first prizes and making history for China's
lottery.............Subscribers
Chinese Lottery Buyers Contribute 34.4 Billion Yuan Towards
Public Welfare
BEIJING, China (April 27, 2008) -- Chinese
lottery players are awarded a special honor for their 34.4 billion yuan (about
US$4.9 billion) contribution for the public good last year................Subscribers
Chinese Lottery Winner Pockets 82.34 Million
Yuan
CHINA (April 25, 2008) -- An unidentified resident of
Chongqing municipality won 82.34 million yuan (US$11.76 million) in a lottery
on Wednesday.................Subscribers
China Launches Instant
Sports Lottery With Olympic Theme
CHINA (March 18, 2008) --
Shandong province will be the first province to sell tickets for a new kind of
sports lottery, the instant lottery, beginning on March 23...............Subscribers
Olympic-Featured Lottery
to be Issued in March
BEIJING, China (February 25, 2007) --
China will issue an Olympic-themed lottery in March, according to China's
Sports Lottery Administration Center on Monday................Subscribers
Reports on China
Pari-Mutual Wagering Premature
CHINA (January 11, 2008) --
Authorities are trying to play down reports about the introduction of betting
on horse races in Wuhan in the near future, fearing it will contradict the
Communist Party's long-standing ban on gambling................Subscribers
China Hints at
Legalization for Par-mutual Wagering
CHINA (January 10,
2008) -- The central government has approved the establishment of regular horse
racing in Wuhan, capital of central China's Hubei Province, and is considering
the introduction of gambling on the races in 2009.................Subscribers
Former Lottery Official
Appeals Bribery Conviction
CHINA (January 10, 2008) -- A
former deputy chief of the state-run sports lottery, who was sentenced to ten
(10) and a half years in prison after being convicted of bribery in an initial
trial last month...........Subscribers
China’s Lottery
Prize Money Has Been Swelling Beyond People's Imagination
CHINA (January 3, 2008) -- A recent survey shows that retirees account for
12 percent of lottery ticket buyers in Quanzhou, a city where 60 percent of
those who participate in lotteries earn between 2,000 and 3,000 yuan (US$272
and US$408) a month..............Subscribers
Lottery Ban Designed To
Stop Fraud
CHINA (January 3, 2008) -- The online sale of
lottery tickets was banned yesterday by a circular jointly issued by the
Ministry of Finance, the Ministry of Civil Affairs and the General
Administration of Sports..............Subscribers
China Bans Online Sale
of Lotteries To Ensure Regulation
BEIJING, China (January
2, 2008) -- No institutions will be allowed to sell lotteries on the Internet
any more in China, said a circular issued Wednesday jointly by the Ministry of
Finance, the Ministry of Civil Affairs and the General Administration of
Sports................Subscribers
China Sports Lottery
Officials Jailed For Bribery
BEIJING, China (December 20,
2007) -- China has sentenced the former vice chief of its state-run lottery to
ten (10) and a half years in prison for taking bribes...............Subscribers
eWorld Interactive
Appoints Manager at Growing Chinese Lottery Division
SHANGHAI, CHINA (December 10, 2007) -- eWorld Interactive, Inc.
(OTCBB:EWIN) (the "Company or "eWorld"), is pleased to announce the appointment
of Mr. James Pan as divisional manager of its Chinese Lottery management
team...................Subscribers
Lottery Investor Plans
to Launch Fixed-Odds Sports Betting Products in Time for
Olympics
Expects to Double Mainland Sports Betting
Outlets to 3,000
CHINA (June 11, 2007) -- Mainland lottery
investor AGTech Holdings expects to receive approval from the State Council to
launch fixed-odds sports betting products in time for next year's Beijing
Olympics.........................Subscribers
AGTech Seeking to Raise
US$75 Million Through Private Share Placement; Share Offer Well Received As
Investors Are Bullish On The Huge Potential Of The Mainland's Lottery
Sector
CHINA (May 29, 2007) -- AGTech, an information
technology company listed on the Growth Enterprise Market, mandated Merrill
Lynch to help sell new shares worth at least US$75 million through a private
share placement after the market................................Subscribers
Hong Kong Listed Company
Places Bet on Penetrating China Sports Lottery Sector
CHINA
(May 18, 2007) -- AGTech Holdings, an information technology firm listed in
Hong Kong's second board, will pay HK$777.7 million to buy Shining China, a
private firm that has consulting contracts with local branches of the state-run
China Sports Lottery.........................Subscribers
Pilot
“Horse-Race” Lotteries on the Agenda
CHINA
(October 7, 2006) -- A pilot horse race lottery might be launched before 2008
in China with Wuhan as one of the candidate cities, according to a
report............................Subscribers
Olympic Champions Become
Lottery Ambassadors
CHINA (March 14, 2006) -- Athens
Olympic champions Zhang Yining, Du Li, and Zhu Qinan are reported to have
become the Ambassadors of the Chinese sports
lottery.............................Subscribers
UK Firm Gains Chinese
Sports Lottery Consultancy
LONDON, United Kingdom (February
24, 2006) -- Ladbrokes yesterday announced that they have taken a consultancy
role in the launch of China's first sports lottery pool betting
shops.........................Subscribers
UK Firm Playing Major
Role in China Sports Lottery
LONDON, United Kingdom
(February 23, 2006) -- Britain's Hilton Group said on its Ladbrokes betting
division was playing a major role in the launch of China's first sports lottery
pool betting shops which have opened in Beijing
Province...............................Subscribers
China Sports Lottery
Created 78 Millionaires Last Year
CHINA (January 15, 2005)
-- The sports lottery had produced 78 millionaires last year in east China's
Fujian Province, a source from the provincial Sports Lottery Managing
Center.................................Subscribers
Singapore-Listed Company
to Invest in China Lottery Equipment Distributor
SINGAPORE
(January 5, 2006) - Hong Kong-based MultiVision Intelligent Surveillance Ltd
said it will buy an indirect 45% stake in a point-of-sale systems supplier for
sports lottery operations in China............................Subscribers
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