Lottery Ticket Sales Surge in China as Youth Face Bleak Job Prospects

Lottery ticket sales in China jumped 53.6% in August 2022 compared to a year prior, according to government data.
The surge coincides with high youth unemployment in China, which was 21.3% in June.
Social media users connect the rise in lottery sales to young people's bleak economic prospects and job uncertainty.
In the first 8 months of 2022, around $52 billion worth of lottery tickets were sold in China, up 51.6% year-over-year.
China's economic growth has slowed this year despite hopes for a strong COVID reopening bounce, dimming the outlook.

businessinsider.com

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Chinese consumers spent over $37 billion on lottery tickets in the first half of 2023, a 50% increase from the previous year, reflecting the struggling economy and high youth unemployment rate in China caused by industries such as education, real estate, and technology being hit by various challenges and regulatory changes.