Categories: Business

China’s lottery sales surge 53.6%

F.P. Report

BEIJING: China’s lottery ticket sales surged 53.6 percent year on year to about 52.96 billion yuan (about 7.38 billion US dollars) in August, data from the Ministry of Finance showed.

Sales of lottery tickets to support the welfare system stood at approximately 18.64 billion yuan last month, an increase of 47.1 percent or 5.97 billion yuan compared to a year earlier, the data revealed. Lottery ticket sales to support the sports industry increased by 57.4 percent year on year to 34.31 billion yuan, the ministry said.

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

The Frontier Post

Recent Posts

Field Marshal Asim Munir most deserving to remain COAS beyond 2027: Rana Sanaullah

F.P. Report ISLAMABAD: Federal Minister Rana Sanaullah has said that Field Marshal Asim Munir will…

5 hours ago

Pakistani Indus Water Commissioner criticises India for withholding flood data

F.P. Report ISLAMABAD: Pakistan’s Indus Water Commissioner has expressed serious concern over India’s failure to…

5 hours ago

High level Turkish team calls on Air Chief

F.P. Report ISLAMABAD: A high level delegation headed by Commander Turkish Air Force General Ziya…

5 hours ago

Trump says he plans to hold talks on Ukraine in coming days

WASHINGTON (Reuters): U.S. President Donald Trump said on Wednesday he plans to hold talks about…

5 hours ago

Israel’s Smotrich sparks outcry with West Bank annexation maps

JERUSALEM (Reuters): Israel’s far-right finance minister said on Wednesday that maps were being drawn up…

5 hours ago

Dozens of bodies recovered in Sudan

CAIRO (AP): Search teams have recovered around 100 bodies from a remote village that is…

5 hours ago

This website uses cookies.