China's Sports Lottery Handled $6.9 Billion in World Cup Bets

During the 2018 FIFA World Cup, China's sanctioned sports lottery handled sales of RMB 46.34 billion ($6.9 billion USD), which is almost four times what was wagered in 2014.

The amount wagered is staggering, and payouts reached RMB 33.8 billion, with the government taking in revenues of RMB 8.34 billion ($1.24 billion USD). The numbers came in just below estimates of RMB 50 billion, but is still a huge amount.

The tournament's final game, France vs Croatia saw wagers of RMB 2.74 billion, compared to RMB 874 million during the 2014 tournament. Average daily wagers were RMB 1.4 billion, which is what the lottery was bringing in the week before the World Cup kicked off.

Betting in China is severely restricted, with only the sports lottery and a few other options out there available for the country of 1.4 billion people. The country is clamping down on illegal betting, while also facing up to the fact that punters will continue to find ways to gamble.

We're sure that we'll be seeing numbers come trickling in from other countries, and we'll be updating readers as we see what results were brought in.

About the author

2 replies • Last post

Comments

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 5876
Thanks given: 2404
Thanks received: 761
24 July 2018 - 3:10pm
#1

Apparently the state lottery in China works like a...bookie, or I misunderstood something here Thinking ...so much of betting is 'severely restricted' there...obviously it isn't if the state organized the activity and called it...a lottery!

krcoolsongss
Jackpot ChaserJackpot Chaser
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2175
Thanks given: 1491
Thanks received: 1054
25 July 2018 - 4:03pm
#2

No wonder why FIFA is doing anything, merely anything to get China in the World Cup Finals, huh Smile
They are just paying $6.9 billion in lottery, Smile

It is all about money money money.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.