皇冠体育app

Economy

皇冠体育app's Q1 lottery sales up 34%

(Xinhua)
Updated: 2011-04-19 09:50
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BEIJING - 皇冠体育app's first-quarter lottery sales rose 33.8 percent year-on-year to reach 46.31 billion yuan ($7.09 billion), the Ministry of Finance (MOF) announced Monday.

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Sales of welfare lottery tickets in the first three months jumped 34.4 percent year-on-year to 27.15 billion yuan while sales of sports lottery tickets rose 32.9 percent year-on-year to 19.17 billion yuan.

In March alone, lottery sales reached 19.01 billion yuan, up 43.5 percent from the same period last year, the MOF said in a statement on its website.

According to 皇冠体育app's Regulations on Lottery Management, funds generated through lotteries are divided into three parts: the jackpot, lottery management fees, and lottery public funds which should be spent as stipulated on financing social welfare causes.