The Korea Lottery Commission has reported that lottery sales rose by10.3 per cent last year, setting a new record.

South Korea.- The Korea Lottery Commission has shared its financial results for the year 2021, reporting record lottery sales of KRW5.98tn (US$5.02bn), up 10.3 per cent year-on-year from KRW5.42tn in 2020. Sales of online lottery tickets were up 8.4 per cent to KRW5.14tn while sales of pension-type tickets were up 29.2 per cent to KRW291.1bn.

According to Yonhap News Agency, lotto accounted for 42.1 per cent of all lottery tickets in 2020, up from 21.2 per cent in 2020. For the first half of 2021, the Korea Lottery Commission had reported record lottery sales of US$2.5bn, up 12.6 per cent year-on-year. That period saw a surge in pension-type lotteries that pay winners with annuities. Sales of these reached KRW142.2bn, an increase of 66.4 per cent and the largest year-on-year H1 increase since this type of lottery ticket was launched in 2012.