Analysis on Development of Online Lottery Industry in China
On Apr. 3, 2015, the Chinese government released Ban on Unauthorized Online Lottery Sales in a government notice, which reiterated that any entity or institution without the approval of the Ministry of Finance of China should not engage in online lottery sales. There was a contrast in growth rate before and after the ban on online lottery sales. China’s lottery sales value increased from CNY 106 billion in 2008 to CNY 394.6 billion in 2016 with the CAGR of 17.86%. The CAGR is 23.84% during 2008-2014, before online lottery…
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