Taiwan Rebounding Lotto After COVID-19

H

Hannman

Guest
Taiwan saw a strong recovery from COVID-19 in the second half of 2022, and overall, is doing well. Lottery tickets during the six-month period delivered TWD133.1 billion (US$4.4 billion) in sales.
However, across all of 2022, sales of lottery products saw mixed results. Lotto 6/49 and the Super Lotto lost 4.3% compared to 2021. But scratch-off products became more popular. These generated TWD68.7 billion (US$2.26 billion), an increase of 6.7%.
Overall, Taiwan doesn’t need to turn to its lotteries to support the country. As China looks to tighten its grip on the country, its economy is so strong that it has too much money.
The government recently reported that it had TWD140 billion (US$4.24 billion) in surplus tax revenue from last year. As a result, it promised to give everyone – possibly even foreigners living in the country – a bonus. By the end of February, they should each receive a payment of TWD6,000 (US$198.06).
 
In think these impressive figures confirm that a sizable number of the people residing in Taiwan believe in luck. This is because luck plays a significant role in enabling a person to win a lottery.
I assume the Taiwanese government is keen on maintaining this status quo, in view of the fact that, some of the monies expended in lotteries goes to the state in form of taxes.
 
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