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The National Audit Office has sent teams to 18 provinces to audit their lottery funds in an exercise that will take around four weeks, yesterday’s Economic Information Daily reported. The provinces were not named.
One official told the newspaper that such a large scale audit of lottery funds was rare.
China’s two state-run lotteries — a welfare lottery and its sports equivalent — have been running since the 1980s.
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China’s lottery sales in October hit 32.7 billion yuan (US$5.3 billion), up 20.3 percent year on year, the Ministry of Finance announced yesterday. Welfare lottery sales reached 17.75 billion yuan, up 14.5 percent year on year. Sports lottery sales rose 27.9 percent year on year to 14.95 billion yuan.
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