Sports lottery sales soar 70% in June on FIFA World Cup

Taipei, Aug. 7 (CNA) Taiwan's sports lottery sales got a big boost in June from the 2018 World Cup, increasing about 70 percent from a year earlier, data from the Directorate General of Budget, Accounting and Statistics (DGBAS) showed Tuesday.

Sports lottery revenue totaled about NT$5.06 billion (US$165 million) in June, about 70 percent higher than the NT$2.91 billion posted in the same month in 2017, as interest spiked in the 2018 FIFA World Cup that was held June 14-July 15 in Russia, according to the DGBAS data.

Boosted by the June performance, sports lottery sales for the first half of 2018 rose 11.3 percent year-year-on-year to NT$20.41 billion, the data showed.

The DGBAS said sports lottery tickets accounted almost 30 percent the NT$69.1 billion worth of lottery sales in the six-month period.

Sports lottery sales have been growing over the past few years, the DBGAS said, citing annual sales of NT$14.9 billion, NT$24.0 billion, NT$28.2 billion, NT$31.1 billion, and NT$33.1 billion in the period 2013 to 2017.

In the first six months of 2018, sports lottery sales were more than 60 percent of the total for the whole of 2017, according to the DGBAS.

Last year, 81.6 percent of the sports lottery sales were generated by physical betting stores, while 18.4 percent came from online betting, the DGBAS said.

It said NT$13.6 billion, or about 40 percent, came from betting on baseball games, 36.3 percent from betting on basketball games and 14.2 percent from football games.

All the proceeds from sports lottery sales in 2017 were allocated to sports development, according to the DGBAS.

Source: Focus Taiwan News Channel