&esmp;A lottery is a numbered security sold at face value, where holders of winning numbers can claim prizes according to regulations after a draw. It operates as an entertainment game based on equal opportunity and fair competition. The primary purpose of state-issued lotteries is to raise public funds for social welfare and sports development, endowing lotteries with unique social value in redistributing idle social funds and alleviating social conflicts.
&esmp;However, lotteries inherently represent a legalized form of gambling, characterized by high-risk speculation with small investments. Consequently, lottery purchase preferences are recognized as a manifestation of gambling propensity. This enables researchers to analyze regional lottery sales data to investigate critical issues such as:
- Gambling Culture and Corporate Innovation. Gambling propensity serves as a significant determinant of corporate innovation. The gambling preferences of investors and managers appear to influence firms' innovation strategies and enhance value creation through industry growth opportunities.
- Gambling Culture and Stock Markets. China's stock market often reflects investor gambling tendencies. Using per capita sales of welfare and sports lotteries to quantify regional gambling culture helps identify how local gambling preferences affect stock market participation.
&esmp;Currently, China operates two major lottery systems: China Welfare Lottery and China Sports Lottery. These are further categorized by game type into Lotto, Zhongfu Online, Instant Win, Video Lottery, Keno, and Sports Betting.
&esmp;CnOpenData systematically organizes lottery sales data across three dimensions: national aggregates, game-type breakdowns, and regional distributions, providing high-quality data resources for academic research.
Time Coverage
- National Lottery Sales: January 2008 - April 2025
- Category-specific Sales: April 2009 - April 2025 (February 2020 data undisclosed)
- Regional Sales: January 2008 - April 2025 (February 2020 data undisclosed)
Field Description
Sample Data
National Lottery Sales Table
Category-specific Sales Table
Regional Sales Table
Related Literature
- Ji, Q., Quan, X., Yin, H., & Yuan, Q. (2021). Gambling preferences and stock price crash risk: Evidence from China. Journal of Banking & Finance, 128, 106158.
- Chen, Y., Podolski, E. J., Rhee, S. G., & Veeraraghavan, M. (2014). Local gambling preferences and corporate innovative success. Journal of Financial and Quantitative Analysis, 49(1), 77-106.
- Blau, B. M., Bowles, T. B., & Whitby, R. J. (2016). Gambling preferences, options markets, and volatility. Journal of Financial and Quantitative Analysis, 51(2), 515-540.
- Adhikari, B. K., & Agrawal, A. (2016). Religion, gambling attitudes and corporate innovation. Journal of Corporate Finance, 37, 229-248.
Data Update Frequency
Annual updates