How do lottery companies operate? How to make profits? Is the vacancy of the first prize profitable?

Correctly, China is not a lottery company, but a lottery issuer. At present, there are two lottery companies, namely Fucai and Sports Lottery.

Profit is not suitable here, 49% of total sales is used for bonus distribution. 6% is used to counter the profits of franchisees. The rest is used for welfare, sports, equipment maintenance, various expenses and so on!

In theory, the first prize is only the accumulation of bonus parts, which has nothing to do with the cost! The bonus is related to the winner, not to the issuer.