China Welfare Lottery

A man walks by a China Welfare Lottery station in Xiangyang, Hubei province, on June 20, 2019. Photo/IC A 24.54-million-yuan lottery prize has gone unclaimed in Zhongshan, Guangdong province as.

Pune, Maharashtra, India, January 28 2021 (Wiredrelease) Prudour Pvt. Ltd :Market.us, one of the worlds leading by prominent market research firms has released a new recent work on Lottery Market 2022-2031 based on business intelligence, consumer preferences and statistical surveys. The demands for spirits has been increasing gradually. Besides that, the report illustrates the primary obstacles and new expansion strategies implemented by key players in the 2021 industry. This research study is a valuable source of understanding data for business strategies, growth analysis, historicaland futuristic cost, demand and supply data.

  1. All are administered by the Welfare and Sports Lottery operators, with a sizeable amount of proceeds distributed to good causes. The Games and Odds. Union Lottery (6/33 + 1/16) – Odds of winning jackpot: 1 in 17,721,088. The Seven (7/30) – Odds of winning jackpot: 1 in 2,035,800. Super Lotto (5/35 + 2/12) – Odds of winning jackpot: 1 in.
  2. Sep 29, 2015 Run by the China Welfare Lottery Issuance Center, this unique contest has been in operation since June 1987. Like western lotteries, the Welfare Lottery is used as a fundraiser for worthwhile causes. In this case, funds are provided to the country’s social welfare funds, including disaster relief and welfare works.

Revenue value for global Lottery market to reach USD$$million by 2028 and valued approximately USD$$million in 2018 is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2031.

***Note: The Values marked with $$ is confidential data. To know more about CAGR figures send mail so that our business development executive can get in touch with you.***

This report contains a thorough analysis of the pre and post-pandemic market scenarios. This report covers all the recent development and changes recorded during the COVID-19 outbreak.

The volume-based consumption of the Lottery market is also delivered to major countries (or regions) and global level applications and products. The report is full of crucial insights on the market which will help the clients in making correct business decisions. The report is also integrated with the impact of the ongoing global crisis i.e. COVID-19 on the Lottery market and how the pandemic is tweaking the current situation. The published report is designed with the help of a vigorous and thorough research methodology. Various disruptions are being observed on account of lockdowns imposed to control COVID-19 spread, leading to uncertainties.

Is something restraining your companys growth in the Lottery Market? Ask for the report brochure here: https://market.us/report/lottery-market/request-sample/

[Our Free Complimentary Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology.]

China Welfare Lottery Website

Overview and Deliverables For Lottery Market2022-2031

This research work delivers an in-depth well-organized perspective of the information associated with the Lottery market. The Lottery report provides a far-reaching evaluation of necessary market dynamics and the latest trends. Our thorough analysis of this industry space will enable you to come up with contingency plans and prepare you to manage market qualms. The report answers questions about current market developments and the level of competition, opportunity cost, etc.

Additional information such as business strategies forecast and cost analysis, inventive trends and product performance patterns, revenue projections, gross margin and market share of key contenders are listed in the report. The report further emphasizes intricate details regarding the demand and supply analysis, contributions by leading industry players and market share growth of the Lottery industry.

The regional analysis of this research study is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share as government and agencies are trying to reduce the Lottery in a well-specified manner. The Asia Pacific and Europe were the other two main Lottery marketplaces across the globe which anticipated to exhibit higher growth rate / CAGR over the forecast period2022-2031.

Decisive objective of Lottery Market Report:

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast the values to the coming 10 years. To Study of the annual revenues and market developments of the major players that stock Lottery. Assessment of business expansion plans and strategies in Lottery is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Request For Covid-19 Impact Analysis OnLotteryMarket: https://market.us/request-covid-19/?report_id=19401

Lottery Vendor Activity Synopsis:

China Welfare Lottery

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning.The major players in the market include China Welfare Lottery, China Sports Lottery, Hong Kong Jockey Club, Francaise des Jeux, Camelot Group, Loteras y Apuestas del Estado, Mizuho Bank Ltd., Singapore Pools, California Lottery, Florida Lottery, GTECH, New York State Lottery, INTRALOT, MDJS, Connecticut Lottery Corporation, Berjaya Sports Toto Berhad, Magnum, Minnesota State Lottery, Tennessee Education Lottery Corporation.

Market Segmentation based on Types and Applications

By the product type, the market is primarily split into The Lotto, Quizzes Lottery, Numbers Game, Scratch-off Instant Games.

By the end-users/application, this report split into Online Lottery, Lottery Store.

The report critically examines the competition diaspora, flagging frontline players as well as other notable key competitors likely to defend a crucial lead in Lottery market despite soaring competition as well as fast-changing dynamics.

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

The Middle East and Africa (Turkey, GCC, Rest of Middle East)

Furthermore, years considered for the Lottery study are as follows:

Historical year: 2015-2020

Base year: 2021

Forecast period: 2022-2031

Browse Full Report with Facts and Figures ofLotteryMarket Report@ https://market.us/report/lottery-market/

Major points summarized in Lottery Market:

2020 after COVID-19 future scope

Product portfolio matrix and cost analysis 2021-2030

Company usability profiles and competitive news feed analysis

Projections for product performance and inventive trends

China Welfare Lottery

The sales catalogue and rising demand with advanced technologies 2022-2031

Lottery

Scope of different segments and applications

An analysis of the volume of production

Welfare

Lucrative opportunities that are present in the ever-growing market

To turn massive challenges into meaningful change, Make an Inquiry of the report@ https://market.us/report/lottery-market/#inquiry

Purposes Behind Buying Lottery Report:

It assists in understanding the most crucial part sections such as future scenario, product portfolio matrix, product innovation and their prospect. This report gives stick direct investigation toward changing focused elements, forward-looking viewpoint on changed elements producing or restricting market development. And also It gives a 10-year assessment surveyed based on how the market is anticipated to develop.

Research Parameter

Primary Research Methodology:

This research methodology involves the various industry experts from the Lottery including the management organizations, processing organizations, analytics service providers of the industrys sales strategy along with value chain. For future prospects, whole primary sources were interviewed to gather and authenticate qualitative and quantitative information.

Secondary Research Methodology:

In the second research parameter requisite information about the industries value chain, the total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.

Key Highlights of TOC:

1. Report Overview andOutstanding Report Scope

1.1 Definitions and Scope

1.2 Assumptions and Acronyms Used

2. Market Assessment by TypesSegments, ApplicationSegmentsand Regions

3.Manufacturing Profiles

4.Strategic Growth Opportunities

4.1 Market Attractiveness Analysis and Emerging Trends

4.2 Growth Matrix Analysis

China

4.3 Key Success Factors (KSFs)

5.Key Takeaways and Global Rand D activities

6. Technology and Cost

7. Channels Analysis

8. Market Analysis by Forecast2022-2031

9. Region WiseMarket Analysis

9. Conclusion

and list and tables and figuresGet Complete TOC with Tables and Figures@ https://market.us/report/lottery-market/#toc

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Wang Suying, former head of the China Welfare Lottery Distribution and Management Center.

A former top Chinese lottery official was sentenced to 11 years in prison for corruption that caused 750 million yuan ($108 million) of revenue loss to the welfare lottery system. The conviction brought the total of senior officials punished in a years-long probe to 14.

Wang Suying, former head of the China Welfare Lottery Distribution and Management Center at the Ministry of Civil Affairs, was the second senior lottery official imprisoned after a 2015 audit and special inspections in 2016 uncovered extensive lottery corruption.

Wang’s two predecessors, Chen Chuanshu and Bao Xuequan, have also been under corruption investigation. In June, Wang’s deputy, Feng Lizhi, was sentenced to 17 years in prison and fined 1 million yuan for corruption and abuse of power.

Wang was also fined 200,000 yuan and ordered to disgorge 8.64 million yuan she illegally obtained. Wang didn’t file an appeal after the sentence, Caixin learned.

The former lottery chief was found in possession of more than 8 million yuan of property for which she couldn’t explain the source, including more than 20 insurance policies with premiums of more than 5.4 million yuan.

Wang, 58, a native of Beijing, led the welfare lottery center between January 2015 and May 2017. She was close to former Deputy Minister of Civil Affairs Dou Yupei, who was forced into early retirement after the ministry was found riddled with “systematic corruption,” according to people familiar with the matter.

Investigators found that Wang, taking advantage of her positions at the lottery center and the Ministry of Civil Affairs, provided business help and personal favors to executives and their family members at lottery operators and welfare project developers and received 1.88 million yuan of bribes from these executives, the court files show.

During her tenure at the lottery center, Wang agreed to a profit distribution plan proposed by Beijing Zhonglottery Online Technology Co., the actual operator of welfare lotteries. The plan violated lottery rules by increasing the profit proportion for the operator, resulting in the loss of 750 million yuan of revenue that should have been generated under the rules.

As gambling is generally outlawed in mainland China, the state-run welfare lottery and sports lottery are the only legal forms of gambling. The combined sales of the two lotteries topped 400 billion yuan in 2018, making China the world’s second-largest lottery market after the U.S.

China Sports Lottery

As regulators strengthen oversight of the industry after the corruption investigations, revenue for the welfare and sports lotteries declined 18.6% year-on-year to 381.1 billion yuan in the first 11 months of 2019, only the second drop in a decade.

Contact reporter Denise Jia (huijuanjia@caixin.com)

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