Korean lottery ticket sales hit new heights

Korean lottery ticket sales hit new heights

South Korea’s lottery ticket sales reached an 11-year high in 2015.

Data from the finance ministry’s lottery committee revealed that sales were up 6.8% on 2014 with the total sum of sales totalling $2.71 billion.

According to the report, the spike was “largely driven by the surge in the number of sales outlets from 6,015 at the end of 2014 to 6,361.”

Besides helping to increase sales, the introduction of new outlets also created 512 jobs.

The Korean Herald reported that more than half of all South Koreans bought at least one lottery ticket in 2015.

Meanwhile, a government survey revealed that, on average, a lottery player buys 14.2 tickets per annum.

With further new sales outlets scheduled to open over the course of 2016 and 2017 , it’s probably a good thing that over 68% of South Koreans see the lottery as a positive good which “supports needy people by giving them hope and stimulating their interest in life.”

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