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China's lottery sales up 5.7 pct in August

China's lottery sales. Photo by: Xinhua.
China's lottery sales. Photo by: Xinhua.

China's lottery ticket sales reached ¥34.48 bln (about $4.86 bln) in August, up 5.7% year on year, data from the Ministry of Finance showed. This was reported by The Xinhua News Agency.

Sales of lottery tickets to support the welfare system came in at ¥12.67 bln in August, an increase of 10.7% from a year ago.

Lottery tickets sold to support the sports industry rose by 3.1% year on year to ¥21.81 bln.

In the first eight months, China's lottery ticket sales stood at ¥247.91 bln, edging up 0.2% over the same period last year, the data showed.

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Under China's lottery management rules, funds raised from ticket sales are used for administrative expenses, public welfare projects and to fund prizes.

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