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Last Year’s Lotto Sales 2nd Highest on Record: Lottery Commission

Last Year’s Lotto Sales 2nd Highest on Record: Lottery Commission

SEOUL, Jan. 10 (Korea Bizwire) – Sales of Lotto tickets reached the second highest number ever in 2017, the country’s lottery operator said Wednesday, amid growth in the number of sales outlets. Total sales are projected at 3.79 trillion won (US$3.4 billion) for last year, the Korea Lottery Commission said. The number is one of the largest tallied since the country started selling Lotto tickets in 2002. Sales peaked in 2003 when it [...]

Unclaimed Lotto Payouts Reach 200 Billion Won

Unclaimed Lotto Payouts Reach 200 Billion Won

SEOUL, Sept. 19 (Korea Bizwire) – For the past five years, the amount of money unclaimed by lotto winners surpassed 200 billion won (US$192 million), according to the Korea Lottery Committee. According to the report from the lottery committee submitted to the ruling Saenuri Party (New Frontier Party) lawmaker Park Myung-jae, the unrecovered lotto prize money [...]