Core Viewpoint - The Yunnan Sports Lottery delegation participated in a transparency-themed event in Beijing, emphasizing the importance of public trust and the integrity of lottery operations through transparent processes and advanced technology [1][4]. Group 1: Transparency and Security Measures - The delegation visited the fully automated production line at the China Sports Lottery Printing Company, witnessing the meticulous production process of lottery tickets, which includes 17 precise printing procedures and comprehensive monitoring [3]. - Advanced anti-counterfeiting technologies, such as unique digital coding and environmental materials, are implemented to ensure the integrity of lottery tickets, significantly reducing the risk of forgery [3]. - Observers expressed their confidence in the lottery's operations, noting that the transparent and accountable processes reinforce public trust in the lottery system [3]. Group 2: Commitment to Public Welfare - Yunnan Sports Lottery has consistently upheld the principles of "openness, fairness, and justice," integrating safety operations and risk prevention into daily management practices [4]. - The lottery organization actively contributes to social welfare by collecting and utilizing public funds for community sports development, with a total sales volume of 15.422 billion yuan and public welfare funds of 3.924 billion yuan in 2024 [4]. - The funds have facilitated the establishment of 40 sports parks and numerous multi-functional sports venues, enhancing community access to sports facilities and promoting public health initiatives [4]. Group 3: Future Directions - Yunnan Sports Lottery aims to continue building public trust through transparency and technological support, ensuring that the enthusiasm for lottery participation translates into meaningful contributions to public welfare [5].

Core Viewpoint - The decline in sales of instant lottery tickets is attributed to multiple factors, including a challenging economic environment, disrupted consumer habits due to previous supply shortages, and a lack of product appeal that does not align with current consumer trends [4][9][11]. Sales Performance - Instant lottery ticket sales have significantly decreased, with one store reporting sales of less than 200 yuan on a busy day, compared to thousands in previous years [4][6]. - The sales drop has persisted for an extended period, with the store holding approximately 50,000 yuan worth of unsold inventory, equivalent to five months' wages [6][10]. - The average spending per customer has dropped from 120-150 yuan in 2024 to 50-70 yuan in 2025, indicating a decline of over 50% [10]. Market Dynamics - The instant lottery segment accounts for 21% of total lottery sales in China, suggesting potential for growth compared to international standards [5]. - The sales decline is exacerbated by a supply shortage that began in 2024, disrupting consumer habits and leading to a loss of customer base [9][10]. - The supply chain issues have resulted in a significant imbalance, with some stores receiving only 60% of the actual demand, leading to a "cooling period" in the market [10]. Consumer Behavior - The willingness to spend on non-essential items, including lottery tickets, has decreased by 18% year-on-year, reflecting broader economic pressures [9]. - Many customers who previously purchased high-value tickets have shifted to smaller purchases or have become more hesitant to buy [10][11]. Statistical Discrepancies - Despite a reported overall increase in lottery sales, the actual experience of retailers indicates a disconnect between official statistics and market realities [12][13]. - The increase in sales figures is partly due to a low base effect from 2024, where sales were significantly impacted by supply shortages [14]. - The growth in sales is primarily driven by a small number of high-performing channels, while ordinary retail outlets have experienced an 18% decline in sales [14].

National Lottery Sales Overview - In November, total lottery sales reached 52.59 billion yuan, a year-on-year decrease of 0.2 million yuan [1][3] - Welfare lottery sales amounted to 16.53 billion yuan, down 2.2% year-on-year, while sports lottery sales increased by 0.7% to 36.06 billion yuan [1][3] - Cumulative sales from January to November totaled 575.62 billion yuan, reflecting a year-on-year increase of 1.7% [1][3] Breakdown by Lottery Type - In November, sales of lottery types included: - Lotto-type: 15.02 billion yuan, down 2.0% - Betting-type: 24.44 billion yuan, down 2.1% - Instant lottery: 9.71 billion yuan, up 5.4% - Keno: 3.43 billion yuan, up 7.3% [5][6] - Cumulative sales from January to November showed: - Lotto-type: 162.69 billion yuan, up 0.3% - Betting-type: 254.41 billion yuan, down 1.9% - Instant lottery: 120.81 billion yuan, up 13.8% - Keno: 37.71 billion yuan, down 1.3% [5][6] Regional Sales Performance - In November, 16 provinces saw an increase in lottery sales, with notable growth in Henan, Hubei, and Shandong, increasing by 240 million yuan, 210 million yuan, and 210 million yuan respectively [8] - Cumulatively, 22 provinces reported growth from January to November, with Shandong, Hubei, and Henan leading with increases of 2.43 billion yuan, 1.96 billion yuan, and 1.74 billion yuan respectively [8]

Core Viewpoint - The sales of instant lottery tickets have significantly declined due to multiple factors, including economic pressures, changes in consumer behavior, and a lack of product appeal, leading to a market stagnation [3][5][6] Sales Performance - Instant lottery ticket sales have dropped from a previously high demand to a state of oversupply, with one store reporting sales of less than 200 yuan on a busy day, compared to thousands previously [2][4] - The store has approximately 50,000 yuan worth of unsold instant lottery tickets, equivalent to five months' salary, indicating a severe inventory issue [4] Market Dynamics - The decline in sales is attributed to a combination of reduced consumer spending, disrupted purchasing habits due to previous supply shortages, and insufficient product attractiveness [3][5] - The average spending per customer has decreased significantly, with reports indicating a drop from 120-150 yuan to 50-70 yuan, a decline of over 50% [5] Supply Chain Issues - A previous supply shortage in 2024 led to a disruption in consumer habits, with many customers not returning to purchase tickets [5][6] - The supply mechanism is imbalanced, with some stores receiving significantly less inventory than needed, leading to a "断层式供应" (discontinuous supply) situation [6] Consumer Behavior - The traditional appeal of instant lottery tickets is waning, with younger consumers showing less interest in conventional lottery formats, and a lack of innovation in product themes [6] - The perceived decrease in winning rates has also contributed to declining sales, with fewer significant prizes being reported [6] Statistical Discrepancies - Despite a reported increase in overall lottery sales, the actual experience of lottery retailers indicates a disconnect between official statistics and market realities [7][9] - The sales data may be inflated due to administrative pressures on retailers to meet sales targets, leading to unsold inventory being counted as sales [9][10] - The growth in sales figures is often based on low comparison bases from previous years, masking the true decline in consumer engagement [9][10]

National Lottery Sales Overview - In October, total lottery sales reached 46.893 billion yuan, an increase of 2.668 billion yuan year-on-year, representing a growth of 6.0% [2] - Cumulative sales from January to October amounted to 523.030 billion yuan, up by 9.819 billion yuan year-on-year, reflecting a growth of 1.9% [2] Sales by Lottery Type - In October, sales of different lottery types were as follows: - Lotto-type lottery sales were 13.029 billion yuan, up by 1.94 billion yuan, a growth of 1.5% - Sports betting lottery sales were 21.137 billion yuan, an increase of 9.43 billion yuan, growing by 4.7% - Instant lottery sales reached 9.748 billion yuan, up by 1.535 billion yuan, a significant growth of 18.7% - Keno lottery sales were 2.979 billion yuan, slightly down by 0.04 billion yuan, a decrease of 0.1% [4] - Cumulative sales from January to October for each type were: - Lotto-type: 147.666 billion yuan, up by 0.748 billion yuan, a growth of 0.5% - Sports betting: 229.977 billion yuan, down by 4.343 billion yuan, a decline of 1.9% - Instant lottery: 111.103 billion yuan, up by 14.128 billion yuan, a growth of 14.6% - Keno: 34.281 billion yuan, down by 0.715 billion yuan, a decline of 2.0% [4] Regional Sales Performance - In October, 26 provinces reported an increase in lottery sales, with notable increases in Shandong (0.34 billion yuan), Hubei (0.31 billion yuan), and Hebei (0.26 billion yuan) [6] - From January to October, 21 provinces saw growth in lottery sales, with significant increases in Shandong (2.23 billion yuan), Hubei (1.74 billion yuan), and Henan (1.50 billion yuan) [6]

Core Viewpoint - China's lottery sales revenue continues to grow, but the growth rate has significantly slowed down, with a 1.5% year-on-year increase in the first three quarters of 2025 compared to a 9.4% increase in the same period last year [3][4]. Sales Performance - In the first three quarters of 2025, total lottery sales reached 476.137 billion yuan, marking a historical high for the same period, but the growth rate has decreased by nearly 8 percentage points compared to last year [3]. - The sales of welfare lottery amounted to 159.75 billion yuan, while sports lottery sales reached 316.387 billion yuan, both showing a 1.5% year-on-year increase [4]. Lottery Types - The main types of lottery include digital lottery, betting lottery, instant lottery, and Keno lottery. In the first three quarters: - Betting lottery sales were 208.84 billion yuan, down 2.5% year-on-year - Digital lottery sales were 134.637 billion yuan, up 0.4% - Instant lottery sales were 101.356 billion yuan, up 14.2% - Keno lottery sales were 31.302 billion yuan, down 2.2% [5]. Regional Sales - Among the 21 provinces, lottery sales increased in 11 provinces, with Shandong, Hubei, and Henan showing significant increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively. Conversely, 10 provinces saw declines, with Jiangxi, Zhejiang, and Guizhou experiencing the largest decreases of 0.88 billion yuan, 0.79 billion yuan, and 0.61 billion yuan respectively [5]. Purpose of Lottery - The primary purpose of issuing lotteries is to raise funds for social welfare and sports, with a portion of the sales revenue allocated to public welfare funds, which are distributed equally between central and local governments for social welfare projects [6].

Core Insights - China's lottery sales reached 476.137 billion yuan in the first three quarters of this year, marking a year-on-year growth of 1.5%, but the growth rate has significantly slowed compared to 9.4% in the same period last year [1] - The slowdown in growth is attributed to high sales figures from last year due to major sporting events like the European Cup and the Olympics, which created a high base effect [1] - The lottery market in China is primarily divided between two institutions: the China Welfare Lottery and the China Sports Lottery, with the latter surpassing the former in revenue since 2018 [1] Sales Performance by Type - Among different types of lottery, the sales figures for the first three quarters are as follows: - Sports lottery sales: 208.84 billion yuan (down 2.5% year-on-year) - Lotto sales: 134.637 billion yuan (up 0.4% year-on-year) - Instant lottery sales: 101.356 billion yuan (up 14.2% year-on-year) - Keno sales: 31.302 billion yuan (down 2.2% year-on-year) [2] - Instant lottery sales, such as scratch cards, continue to show strong growth, while sports lottery sales have declined due to fewer major sporting events this year [2] Regional Sales Insights - In terms of regional performance, 21 provinces saw an increase in lottery sales compared to last year, with notable increases in Shandong (1.89 billion yuan), Hubei (1.43 billion yuan), and Henan (1.25 billion yuan) [2] - Conversely, 10 provinces experienced a decline in sales, with significant decreases in Jiangxi (0.88 billion yuan), Zhejiang (0.79 billion yuan), and Guizhou (0.61 billion yuan) [2] Purpose of Lottery Sales - The primary purpose of lottery sales in China is to raise funds for social welfare and sports, with a portion of the sales revenue allocated to the lottery public welfare fund, which is distributed equally between central and local governments for social welfare projects [2]

National Lottery Sales Overview - In September 2025, total lottery sales reached 52.933 billion yuan, an increase of 1.449 billion yuan year-on-year, representing a growth of 2.8% [1][3] - Welfare lottery sales amounted to 17.438 billion yuan, up by 0.408 billion yuan, a growth of 2.4% year-on-year; sports lottery sales were 35.495 billion yuan, increasing by 1.041 billion yuan, a growth of 3.0% [3] Cumulative Sales Data - From January to September 2025, total lottery sales reached 476.137 billion yuan, an increase of 7.152 billion yuan year-on-year, reflecting a growth of 1.5% [3] - Welfare lottery sales for the same period totaled 159.750 billion yuan, up by 2.330 billion yuan, a growth of 1.5%; sports lottery sales were 316.387 billion yuan, increasing by 4.822 billion yuan, also a growth of 1.5% [3] Sales by Lottery Type - In September, sales of different lottery types included: - Lotto-type lottery: 15.043 billion yuan, up by 0.742 billion yuan, a growth of 5.2% - Betting-type lottery: 22.756 billion yuan, down by 1.901 billion yuan, a decline of 7.7% - Instant lottery: 11.707 billion yuan, up by 2.624 billion yuan, a growth of 28.9% - Keno lottery: 3.426 billion yuan, down by 0.016 billion yuan, a decline of 0.5% [5] - Cumulatively, from January to September, sales by type were: - Lotto-type: 134.637 billion yuan, up by 0.553 billion yuan, a growth of 0.4% - Betting-type: 208.840 billion yuan, down by 5.286 billion yuan, a decline of 2.5% - Instant lottery: 101.356 billion yuan, up by 12.594 billion yuan, a growth of 14.2% - Keno lottery: 31.302 billion yuan, down by 0.710 billion yuan, a decline of 2.2% [6] Regional Sales Performance - In September, 24 provinces reported an increase in lottery sales, with Hebei, Shandong, and Hubei showing the largest increases of 0.22 billion yuan each [8] - Cumulatively, from January to September, 21 provinces experienced growth, with Shandong, Hubei, and Henan showing significant increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively [8] - Conversely, 7 provinces saw declines in September, with Zhejiang, Hunan, and Guizhou experiencing the largest decreases of 0.28 billion yuan, 0.21 billion yuan, and 0.13 billion yuan respectively [8]

National Lottery Sales Overview - In September, total lottery sales reached 52.933 billion yuan, an increase of 1.449 billion yuan year-on-year, representing a growth of 2.8% [1] - For the first nine months, cumulative lottery sales amounted to 476.137 billion yuan, up by 7.152 billion yuan year-on-year, reflecting a growth of 1.5% [1] Lottery Type Sales Breakdown - In September, sales of different lottery types were as follows: - Lotto digital lottery sales were 15.043 billion yuan, up by 0.742 billion yuan, a growth of 5.2% - Betting-type lottery sales were 22.756 billion yuan, down by 1.901 billion yuan, a decline of 7.7% - Instant lottery sales were 11.707 billion yuan, up by 2.624 billion yuan, a significant growth of 28.9% - Keno lottery sales were 3.426 billion yuan, down by 0.016 billion yuan, a decline of 0.5% [3] - Cumulatively, from January to September, sales by type were: - Lotto digital lottery: 134.637 billion yuan, up by 0.553 billion yuan, a growth of 0.4% - Betting-type lottery: 208.840 billion yuan, down by 5.286 billion yuan, a decline of 2.5% - Instant lottery: 101.356 billion yuan, up by 12.594 billion yuan, a growth of 14.2% - Keno lottery: 31.302 billion yuan, down by 0.710 billion yuan, a decline of 2.2% [3] Regional Lottery Sales Performance - In September, 24 provinces reported an increase in lottery sales, with Hebei, Shandong, and Hubei showing the largest increases of 0.22 billion yuan each [5] - From January to September, 21 provinces experienced growth in lottery sales, with Shandong, Hubei, and Henan leading with increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively [5] - Conversely, 10 provinces saw declines in sales, with Jiangxi, Zhejiang, and Guizhou experiencing the largest decreases of 0.88 billion yuan, 0.79 billion yuan, and 0.61 billion yuan respectively [5]

Core Insights - In August, total lottery sales in China reached 53.401 billion yuan, a year-on-year decrease of 9.67 billion yuan, or 1.8%, primarily due to the high sales base from last year's Olympic events [1] - Cumulative lottery sales from January to August amounted to 423.204 billion yuan, an increase of 57.03 billion yuan, or 1.4% year-on-year [1] Sales by Type - In August, sales of different lottery types showed varied performance: - Lotto sales were 15.043 billion yuan, up 2.81 billion yuan, or 1.9% - Sports betting sales were 23.911 billion yuan, down 34.64 billion yuan, or 12.7% - Instant lottery sales were 10.721 billion yuan, up 24.26 billion yuan, or 29.2% - Keno sales were 3.726 billion yuan, down 2.11 billion yuan, or 5.4% [2] - Cumulative sales from January to August for each type were as follows: - Lotto: 119.594 billion yuan, down 1.89 billion yuan, or 0.2% - Sports betting: 186.084 billion yuan, down 33.85 billion yuan, or 1.8% - Instant lottery: 89.649 billion yuan, up 99.70 billion yuan, or 12.5% - Keno: 27.876 billion yuan, down 6.94 billion yuan, or 2.4% [2] Sales by Region - In August, 15 provinces saw an increase in lottery sales, with notable growth in Xinjiang, Hebei, and Shandong, which increased by 200 million yuan, 170 million yuan, and 160 million yuan respectively [4] - Cumulatively, from January to August, 20 provinces experienced growth, with Shandong, Hubei, and Henan showing the largest increases of 1.67 billion yuan, 1.24 billion yuan, and 1.08 billion yuan respectively [4]