China Lotteries Booming

2014 welfare lottery sales hit 206 billion yuan ($33.6 billion)

The Chinese news agency Xinhua reports that the nation's main lottery, the Welfare Lottery, achieved officially confirmed sales of 205.96 billion yuan ($33.6 billion) in 2014, up 16.67 percent year-on-year.

The lottery contributed over 57 billion yuan to public welfare funds, according to the China Welfare Lottery Issuing and Management Centre. The majority of money allocated to the public welfare fund covers social insurance programs, poverty relief, initiatives for the disabled as well as donations to other charity projects.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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