China Online Lottery Market to Grow at a CAGR of 4.53% During Forecast Period 2016-2020
Although online lottery is banned and stringent regulations have been imposed during the pilot run, it is one of the major sources of revenue for the government. Especially the lottery segment accounts for one the major revenue contributing segments in the overall gambling market in the country. Some of the major benefits of easing regulations on sports lottery include; higher tax on vendors to generate revenue, contribution toward societal welfare. Legalizing of lottery further creates job opportunities in the country....
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