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China gets lottery fever after massive jackpot

InternationalInternational: China gets lottery fever after massive jackpot
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Water-cooler talk across China has been awash with theories on how to spend a fortune after someone from Henan province won nearly 360 million yuan (US$52.7 million) on Thursday.

The prize is the country's biggest jackpot to date.

Despite the fact that the lucky winner has not yet stepped forward to claim the prize, many have an opinion on how much happiness it might buy.

"It's incredible." That was the verdict of 75 percent of the 140,000 people taking part in an online survey yesterday.

Another online poll, organized by www.dayoo.com, the official website of Guangzhou Daily newspaper, found that most people would rush out and "buy a car and house". After that, the consensus was that "travel around the world" and "charity" should follow. Next, people would make "investments" and share their wealth with friends and relatives.

"If I were the winner, I would cash the money into one-yuan coins and build a house with the coins," joked one netizen, tagged Kunde, who commented on www.mop.com, one of China's biggest interactive entertainment portals.

"I would quit my job, buy a plane, and book a ticket for space travel," said netizen Milk Cow on Xici.net, a popular bulletin board.

Lottery tickets are sold on the Chinese mainland to raise money for government welfare services and sports development.

The winning ticket was bought in Anyang city, in Central China's Henan province. The ticket-buyer purchased 44 identical "Double Color Ball" tickets issued by the China Welfare Lottery at a cost of 176 yuan. The lucky transaction was made at 2:55 pm last Thursday, according to the provincial welfare lottery center.

The buyer chose the same two sets of two-digit numbers on each ticket, which brought his total number of stakes to 88.

China's six biggest lottery prizes"The probability of winning the prize is as small as 1 in 18 million," Li Gang, a researcher with Shanghai Normal University's lottery research center, told the Shanghai Morning Post.

If the winner collects the prize money in 100 yuan banknotes, it will weigh 5,400 kg.

A typical wage earner bringing in 2,000 yuan a month would have to work for 10,000 years to earn the equivalent, explained Guangzhou's New Express Daily.

"Double Color Ball" winners must step forward within 30 days to claim their prize and must then pay 20 percent of their winnings in tax, meaning the Henan winner will have to slice off 72 million yuan before walking away with 288 million.

If the winner decides to slap the whole lot into a savings account, he can expect to get around 6.45 million yuan a year in interest.

If the winner is property minded, he could buy about 14,400 sq m of real estate in Beijing, where housing sells for around 20,000 yuan per sq m.

Chen Guixia, the owner of the lottery booth that sold the winning tickets, was quoted by Xinhua News Agency as saying she could not remember the face of the winner, but she said it was a man around 30.

Business has been brisk at the lottery booth that sold the winning ticket, where buyers hoped to catch some of the good luck.

"Anyang has been a lucky city for lottery players for years and it has witnessed five occasions when people have won more than 5 million yuan," a local official said.

China Daily

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4 comments. Last comment 5 years ago by caipiao.
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rdgrnr's avatar - walt
-Ridge Runner- Oracle of the Appalachians
Way back up in them dadgum hills, son!
United States
Member #73904
April 28, 2009
14903 Posts
Offline
Posted: October 13, 2009, 10:42 am - IP Logged

I was surprised to hear Chinese people talking of buying property and houses and planes and traveling around the world and such.

China must be becoming a less repressive society than in the past, which is good to hear.

I still would have a little apprehension though in fully trusting that government with confidence in the legitimacy of the lottery with so much money at stake.


                                             
                     
                                         

 

 

 

 

                                                                                                   

"The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                            --Edmund Burke

 

 

    hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

    United States
    Member #52345
    May 21, 2007
    1837 Posts
    Offline
    Posted: October 13, 2009, 10:57 am - IP Logged

    I was surprised to hear Chinese people talking of buying property and houses and planes and traveling around the world and such.

    China must be becoming a less repressive society than in the past, which is good to hear.

    I still would have a little apprehension though in fully trusting that government with confidence in the legitimacy of the lottery with so much money at stake.

    Type color me curious to see how this pans out .......

      psykomo's avatar - animal shark.jpg

      United States
      Member #4877
      May 30, 2004
      4614 Posts
      Offline
      Posted: October 13, 2009, 9:47 pm - IP Logged

      I was surprised to hear Chinese people talking of buying property and houses and planes and traveling around the world and such.

      China must be becoming a less repressive society than in the past, which is good to hear.

      I still would have a little apprehension though in fully trusting that government with confidence in the legitimacy of the lottery with so much money at stake.

      HE hoo control's D "money" control'$$$

      D>>>>>>>>>>>>>>  "GAME"  >>$$$$>>!!!

      PartyPartyPartyPartyPartyParty

      CHINA shipp'ssssssa lotta export's 2 D

      USA and pay's a lotto G@@D min wages

      2 put it in2 >>>>>>>>D boxes>>>>>>>>>

      2 ship 2 WAL-SMART >>>>>>>>>>>>>>!!!

      IT's a "BEAUTIFUL DAY" in your neighbor>>>your neighhood>>>>>

        Avatar
        Illinois
        United States
        Member #80376
        September 25, 2009
        57 Posts
        Offline
        Posted: October 14, 2009, 2:23 pm - IP Logged

        lol, typical worker earns 2,000 yuan in China.  I know from sources that the average salaried employee earns  20,000 chinese dollars annually.

         

        360 million dollars go a long way in China.  lucky  person,  propels  him/her to among the richest person in  the land