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

This story was published more than 2 years ago.

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

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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24 July 2018 - 3:10pm
#1

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

krcoolsongss
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25 July 2018 - 4:03pm
#2

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

It is all about money money money.