December 18, 2017 12:21
Lotto sales are expected to be the highest this year since tickets first went on sale 14 years ago.
The popularity of lotto tickets always rises in tough economic times, and the nation reels under W1,400 trillion in household debt, rising interest rates, eight-straight quarters of declining household income and record youth unemployment (US$1=W1,090).
According to the Korea Lottery Commission on Sunday, lotto ticket sales so far this year totaled W3.61 trillion, already surpassing the W3.55 trillion for the whole of last year.
During the second half of this year, lotto sales averaged W73 billion a week. At this rate, another W210 billon worth of tickets are estimated to be sold for the remaining three weeks of December, bringing the total for the year to W3.83 trillion.
The previous record was W3.8 trillion in 2003, when lotto tickets first went on sale.
A total of 462 people have won the jackpot so far this year, with prizes ranging from W739 million to W6.3 billion depending on the number of winners.
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