Lottery Game Sales Rise in Times of Coronavirus

The coronavirus epidemic has actually sent out lotto ticket sales soaring, as is typical in dire financial times.

According to the Ministry of Economy and Financing, lottery game ticket sales during the very first six months of this year amounted to a record W2.6 trillion, up 11.1 percent on-year (US$ 1= W1,135).

Jang Seok-man (54), who sells lottery tickets in central Seoul, had the number “7706” composed on a paper chit he handed to a customer on Tuesday.

Individuals line up to purchase lottery game tickets at a store in Jongno, Seoul on Tuesday that is popular for offering a number of winning tickets.

A lottery game ticket costs W5,000 and his shop makes more than W200 million. “Weekly sales have actually increased in between W10 million to W20 million on-year,” he said. “The variety of consumers starts to increase slowly from Wednesdays and typically peaks on Saturdays, however these days customers even stack in at the start of the week.”

Individuals dream of immediate riches when the economy is bad. One 33- year-old healthcare facility worker has been purchasing lottery tickets in Incheon weekly over the previous 6 months. He heard rumors that this particular shop has offered a number of winning tickets. “If I win the lottery, I prepare to settle my mortgage financial obligation first,” he stated.

For Hyeong Nam-song (58), who resides in a northern suburban area of Seoul, it is a little escape from truth. “Doing this makes me pleased each week,” he stated. “This is what keeps me going.”

Another 28- year-old who came to buy a ticket said, “Many individuals have actually lost tasks due to the coronavirus epidemic. Buying lottery game tickets and fantasizing give me some comfort, even if just for a minute.”

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