China's $8bn In Bets On Russia World Cup Nearly Tripled Brazil Haul

Sports-betting sales in China during the FIFA World Cup months of June and July this year nearly tripled those for the previous World Cup in 2014, displaying a powerful acceleration in market growth despite an ongoing moratorium on online lottery sales.

Sports-betting receipts for the two months containing the 2018 Russia World Cup rose 283 percent to 55.19bn yuan ($8bn) compared with the 2014 Brazil World Cup, Ministry of Finance figures for July showed on Monday.

The vast majority of sports-betting volume relates to football, although the ministry does not break down sports-betting data according to sport or sporting event.

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