this post was submitted on 30 Mar 2024
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That's...unfortunate. Lotteries may not be as addictive or as scummy as other forms of gambling but they are definitely still gambling. I wonder if the state sponsored lotteries have a profit margin or if the money from ticket sales just goes fully back into the prize pool.
Only 50% of the profits go to welfare. The other 50% is pocketed. The welfare part is essentially good PR, and is identical to the US system. In the US lotteries are used as a funding mechanism for school districts, and that’s essentially what China is doing here. It’s just a way to pretend that the lottery is doing something good.
Still scummy, and still supporting gambling addiction :/
I’m not sure on the mechanics of it, but I did see the state lottery offices, and it’s subtitled in English as Chinese Welfare Lottery, so hopefully the profits go to welfare? Idk. I hear it’s pretty popular though.
I forgot to mention that there were scratch off tickets at one of the malls I went to also, my wifey bought a few and lost on all of them 😂