S.Korean lottery sales hit all-time high in 2021 amid pandemic

Seoul, Jan 18 Lottery sales in South Korea rose 10.3 per cent on-year to reach an all-time high last year amid the Covid-19 pandemic, data from the Finance Ministry revealed on Tuesday.

Sales of lottery tickets stood at 5.98 trillion won ($5.02 billion) in 2021, compared with 5.42 trillion won the previous year, according to the data.

The figure has been rising in recent years from 4.15 trillion won in 2017 to 4.38 trillion won in 2018 and further to 4.79 trillion won in 2019, Yonhap News Agency reported citing the data.

The brisk sales are attributable to reduced operations of other gambling businesses, such as casino and horse racing, amid the coronavirus pandemic, as well as improved public perception of lottery, the Ministry said in a statement.

Lottery tickets accounted for 42.1 per cent of the total sales of the gambling industry in 2020, up from 21.2 per cent the previous year.

According to a survey last year of 1,020 people aged 19 or older, 71.8 per cent of males and 54 per cent of females said they had bought a lottery ticket, with those in their 40s accounting for the largest portion of people having made such purchases.

Some 73.7 per cent of the people had a positive impression of lottery, up from 66.5 per cent a year earlier, the Ministry said.

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