Lottery Sales Hit Record in Lockdown Gloom

  • By Lee Ki-hun

    January 15, 2021 14:22

    Lottery sales hit a new record last year with W12.97 billion worth of tickets sold on a daily average (US$1=W1,098). Some 525 jackpot winners took home a total of W1.13 trillion between them.

    According to data from the Ministry of Economy and Finance on Thursday, each Korean bought a lottery ticket every four days. A lottery game costs W1,000, and the maximum number of games per ticket is five.

    Sales have increased every year since 2009. The worse the economy gets, the more lottery tickets are sold. The country's economy shrank for the first time last year since the Asian financial crisis in the late 1990s.

    Lottery sales also soared because horse racing was suspended in coronavirus lockdown. Most lottery tickets were sold during the week of Christmas (Dec. 20-26), with a total of 100.08 million tickets worth W100.1 billion. 

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