Comment on China’s Online Black Market — Part IV: Digital Lottery Tickets by China’s Online Black Market — Part IV: Digital Lottery Tickets - Platum

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-09-09 00:00:00

At the end of 2012, Chinese Ministry of Finance (MOF) issued a regulation that officially allows for selling lottery tickets online. So far it doesn’t sound like a good business for most of the Chinese online lottery tickets sellers. Here are some ways in which some lottery tickets sites make big money,1. Thanks to the advanced computing technologies, online lottery draws are able to take place every several minutes. Lottery products taking advantage of that account for 80% of the traffic on all the online lottery sites in China, according to TOMsInsight.