Chinese lottery sales fell heavily in March, sliding 6.3% year on year to RMB30.81b, according to data provided by China’s Ministry of Finance.
It’s a funny development, particularly given lottery sales in the three months to March were up 18.5% on year.
Chinese authorities launched a crackdown on already-illegal online lottery ticket sales in March – something that could explain the decline – it does raise the question whether people are chasing a bigger windfall elsewhere?
Perhaps — given it’s stellar run and the number of new account openings — it’s in stocks.
The Shanghai Composite is up 40% in 2015 – over 100% in just a year.
When was the last time you got that return playing lotto?