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Time: September 24, 2018 from 6pm to 7pm
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Organized By: gsnoopy520
Latest Activity: Sep 24, 2018

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CHINA’S audit authorities are checking the management and use of lottery funds across the country amid growing skepticism about China’s lottery operations.

The National Audit Office has sent teams to 18 provinces to audit their lottery funds in an exercise that will take around four weeks Wholesale Baltimore Orioles Jerseys , yesterday’s Economic Information Daily reported. The provinces were not named.

One official told the newspaper that such a large scale audit of lottery funds was rare.

China’s two state-run lotteries — a welfare lottery and its sports equivalent — have been running since the 1980s.

The results of the audit will probably be announced next year, and suggestions made if problems are found, officials said.

No provincial auditing staff will take part in the audit, the newspaper reported.

China’s lottery sales in October hit 32.7 billion yuan (US$5.3 billion), up 20.3 percent year on year Wholesale Atlanta Braves Jerseys , the Ministry of Finance announced yesterday. Welfare lottery sales reached 17.75 billion yuan, up 14.5 percent year on year. Sports lottery sales rose 27.9 percent year on year to 14.95 billion yuan.

In the first 10 months of this year, total lottery sales stood at 312.11 billion yuan, up 24 percent from the same period in 2013.

Last year, total lottery sales topped 309 billion yuan Wholesale Arizona Diamondbacks Jerseys , up 18.3 percent year on year, according to the ministry. Proceeds from lottery ticket sales cover administrative fees and public welfare projects as well as jackpots.

A total of 50 percent covers the jackpots, while 35 percent should be used

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