iGB Intelligence reports | Page 77

Chapter 2: Market overviews China Most popular sports in China Country Sport China Football, table tennis, swimming, martial arts, basketball The most popular sports in China are football, table tennis, swimming and martial arts (in particular Kung Fu). Basketball is growing in popularity with Chinese former NBA player Yao Ming having become a national icon. Sports betting in China has been made difficult because of the same laws that try to prevent other forms of gaming in the country. One major allowance, however, is that the government offers a limited kind of legalised bookmaking in the form of the China Sports Lottery. It is more a lottery than actual sports betting though – it uses the results from recent football matches as the ‘random’ numbers in a ticket-based lottery system. The China Sports Lottery is extremely profitable, taking in more than $1bn every year. The government doesn’t allow proper sportsbooks but there are still bookmakers all over the country. Recently, many have been moving online where they can operate easier. On-course horseracing betting returned to China in 2009, 60 years after being banned during the communist revolution of 1949. The true scale of the Chinese sports betting market can only be guessed at, but Wang Xuehong, exec director of the China Centre for Lottery Studies at Peking University, estimates that underground betting could exceed one trillion yuan ($180bn). China has long been a target market for sports gaming companies and several bookmakers have fostered relationships with Chinese companies over the years in the hope that the market will one day open. For example, Betsson established a business relationship with a local company in China in 2011 that had previously set up a joint venture in the sports lottery related industry together with a Chinese state owned company. 70 Digital Sports Betting