Sports-Betting Boost Cements Recovery For Chinese Lotteries

The Chinese lottery industry has all but rebounded from its coronavirus shutdown thanks to strong lotto sales and a rebound in sports-betting volume in June. 

Combined sales in the Sports and Welfare lottery modes in June were down only 3.4 percent year-on-year to 33.57bn yuan ($4.79bn), according to Ministry of Finance data released on Monday.

Sports-betting volume more than doubled month-on-month as international football competitions resumed, the data shows.

Sports-betting sales were down 33.9 percent year-on-year to 6.36bn yuan, but this haul was a 134 percent increase from May, when sports-betting haul was down 72 percent year-on-year.

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