In China and November reportedly saw aggregated sales for the nation’s only pair of state-run lotteries drop by 11.6% year-on-year to reach approximately ¥37.77 billion ($5.41 billion).
According to a report from GGRAsia citing official data from the giant country’s Ministry of Finance, the November result was the tenth consecutive month of year-on-year declines and saw the eleven-month aggregated figure come in some 18.6% lower at about ¥381.13 billion ($54.63 billion).
Declining duo:
The government figures reportedly also showed that the China Sports Lottery had recorded November sales of ¥21.07 billion ($3.02 billion), which represented an 8.4% decrease year-on-year, while the ¥16.71 billion ($2.39 billion) figure posted by its China Welfare Lottery compatriot had represented an even more dramatic 15.3% diminution.
Continuing cut:
For the eleven months to the end of November, GGRAsia moreover reported that the official data indicated that total lottery sales for the China Welfare Lottery stood 15.4% lower year-on-year at around ¥172.48 billion ($24.72 billion) while the China Sports Lottery’s ¥208.65 billion ($29.91 billion) tally had signified a pessimistic slide of 21.1%.
Silver lining:
However, it was not all bad news as combined China Welfare Lottery and China Sports Lottery sales for November had grown in seven Chinese provinces encompassing Xinjiang, Chongqing, Sichuan, Jiangxi, Tibet, Guangxi and Shaanxi. But, it furthermore explained that only the central land-locked province of Sichuan had managed to chalk up comparable growth for the eleven months from January with its ¥17.05 billion ($2.44 billion) tally for the 30-day month equating to a year-on-year swell of 5.88%.
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