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Online Lottery Market in China to grow by USD 2.28 Billion (2024-2028); expanded online lottery access boosts growth, Report with AI-powered evolution – Technavio

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NEW YORK, Jan. 16, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The online lottery market in china size is estimated to grow by USD 2.28 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.45%  during the forecast period. Increased reach of online lotteries is driving market growth, with a trend towards introduction of new types of lotteries. However, online scams and negative impacts  poses a challenge. Key market players include Baidu Inc., China Sports Lottery Operation and Management Co. Ltd., Gaming China, QQLotto, Shenzhen Yixun Sky Network Technology Co. Ltd., SINA Corp., and Zhaoqing Chuangwei Development Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Online Lottery Market In China Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 2280.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

8.41

Regional analysis

China

Performing market contribution

APAC at 100%

Key countries

China

Key companies profiled

Baidu Inc., China Sports Lottery Operation and Management Co. Ltd., Gaming China, QQLotto, Shenzhen Yixun Sky Network Technology Co. Ltd., SINA Corp., and Zhaoqing Chuangwei Development Co. Ltd.

Market Driver

The Chinese lottery market experienced significant growth in 2021, with sales reaching USD58.67 billion, a 10.8% increase from the previous year. The sports lottery segment accounted for the majority of these sales, which increased by 22% compared to 2020. AGTech Holdings’ Chinese subsidiary played a key role in this growth by supplying terminals to eight additional provincial sports lotteries. Innovation, safety, and regulatory compliance will continue to drive the market forward, leading to the introduction of new online lottery options and strengthening market expansion during the forecast period. 

The online lottery market in China is experiencing significant growth with various players offering lottery services. Technology plays a crucial role in this sector, with apps and websites providing convenience for customers. The use of secure technology ensures that transactions are safe and reliable. The market is also seeing an increase in the number of lottery types, including mobile lotteries and live draw lotteries. Decentralized lottery platforms are also gaining traction, offering transparency and security. Additionally, the integration of blockchain technology is expected to further enhance the market’s growth. The regulatory landscape is evolving, with stricter regulations being implemented to ensure fairness and transparency. Overall, the online lottery market in China is a dynamic and growing industry, offering exciting opportunities for businesses and consumers alike. 

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 Market Challenges

•         The online lottery market in China faces challenges from scams and inadequate regulations. Users receive fraudulent emails, leading them to pay taxes and fees for non-existent winnings. Fake websites mimic genuine lottery sites, while unregistered sellers peddle counterfeit tickets. Banning these sites is difficult due to URL changes. Addiction to lotteries can result in debt, depression, and crime, negatively impacting social and economic conditions. On average, gambling addicts have twice the debt of non-gamblers. These issues may hinder the growth of China’s online lottery market.

•         The online lottery market in China faces several challenges. Urbanization and the spread of the internet have increased the demand for lottery services. However, despite the growing market, there are regulatory issues. Desk top operations and lack of a unified lottery system make it difficult for companies to operate smoothly. Markets are segmented, with different regions having distinct rules and regulations. Digitalization is a key trend, with companies using technology to improve customer experience and increase sales. However, security concerns and the need for strict regulations pose challenges. Competition is intense, with many players vying for market share. Companies must differentiate themselves through innovative marketing strategies and superior customer service. The market is evolving rapidly, requiring companies to stay agile and adapt to changing regulations.

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Segment Overview 

This online lottery market in China report extensively covers market segmentation by  

Device 1.1 Mobile1.2 DesktopProduct 2.1 Lotto2.2 Sports2.3 VLT2.4 Scratch cardGeography 3.1 APAC

1.1 Mobile-  The mobile segment of online lotteries in China is experiencing significant growth due to its ability to effectively target audiences with preferred games. Mobile users are more likely to become customers than desktop users, making smartphones an effective channel for increasing lottery penetration. Personalized campaigns based on user data and the availability of high-speed Internet enable engaging experiences and cross-selling opportunities, driving market growth. The increasing adoption of smartphones and Internet penetration in rural areas will further fuel this segment’s expansion.

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Research Analysis

The Online Lottery Market in China is experiencing significant growth due to the increasing adoption of digital technologies among younger generations. International lotteries are now accessible through online platforms, allowing players to purchase tickets for draw-based games from the comfort of their homes or even remotest areas. The market is segmented into the Mobile segment and Desktop segment, with mobile lottery apps and mobile payment methods gaining popularity. The Lottery industry’s digitalization is transforming traditional retail locations into virtual lottery systems, making the Online lottery sub-segment a lucrative business decision. Internet penetration continues to expand, providing opportunities for Lottery companies to reach a broader audience. The Gaming sector is embracing digital tools to enhance user experience, further fueling the market’s growth. The Online lottery system is revolutionizing the Lotto sub-segment, offering convenience and accessibility to players.

Market Research Overview

The Online Lottery Market in China has experienced significant growth in recent years, driven by the increasing popularity of digital platforms and the convenience they offer. Lotteries in China are regulated by the China Welfare Lottery Center and the China Sports Lottery Center. The market consists of various types of lottery games such as number lotteries, instant win games, and sports lotteries. Technological advancements have led to the integration of mobile payments and live draw broadcasts, making online lottery playing more accessible and engaging for consumers. The market is also witnessing the adoption of advanced technologies like AI and blockchain to enhance security and transparency. Despite regulatory challenges, the market is expected to continue its growth trajectory due to the large population base and growing preference for digital channels.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeviceMobileDesktopProductLottoSportsVLTScratch CardGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Reliance Digital Brings Samsung’s Latest Galaxy Z Fold8 Series and Galaxy Z Flip8 to Stores Across India

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Be among the first to own the new Samsung Galaxy Z Fold8 series and Galaxy Z Flip8. Customers can now pre-order the latest Galaxy foldables at Reliance Digital, with EMIs starting at ₹6000/month.

MUMBAI, India, July 25, 2026 /PRNewswire/ — Reliance Digital, India’s leading consumer electronics retailer, today announced the availability of Samsung’s latest generation of foldable smartphones – the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8. Designed to deliver the next evolution of Galaxy AI, powerful performance and iconic foldable innovation, Samsung’s newest line-up is now available across Reliance Digital stores and online.

Built around Samsung’s vision of making AI more intuitive and personal, the new Galaxy foldables combine immersive displays, premium craftsmanship and intelligent experiences that seamlessly adapt to the way users work, create and stay connected.

Leading the line-up is the Galaxy Z Fold8 Ultra, Samsung’s most premium foldable yet. Featuring an expansive 8-inch Dynamic AMOLED 2X main display, a flagship 200MP camera, the latest Snapdragon® 8 Elite Gen 5 for Galaxy processor and a 5,000mAh battery, the device is engineered for users who demand the ultimate in productivity, creativity and entertainment. It is available in Graphite, Cream and Violet Shadow,.

The Galaxy Z Fold8 brings Samsung’s signature foldable experience in a more compact form factor, featuring a 7.6-inch Dynamic AMOLED 2X main display, a redesigned wider cover screen, Galaxy AI-powered multitasking and flagship-grade performance. Customers can choose from Lavender, Graphite and Cream colour options.

Completing the line-up is the Galaxy Z Flip8, Samsung’s most stylish foldable smartphone, designed for users who want flagship performance in a compact, pocket-friendly form. Equipped with a vibrant 6.9-inch Dynamic AMOLED 2X display, an enhanced FlexWindow, a 50MP camera system and Galaxy AI experiences, the Flip8 effortlessly blends fashion with functionality.

Customers can visit their nearest Reliance Digital store to experience the new foldables first-hand with guidance from Reliance Digital’s Tech Dosts, compare models, explore exclusive launch offers and Pre-order the Galaxy device that best fits their lifestyle. The complete Galaxy Z Fold8 series and Galaxy Z Flip8 are also available through Reliance Digital’s online platform, ensuring customers can be among the first to own Samsung’s latest foldable innovations.

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Weichai’s Five Tech Routes Global Debut: Diverse Paths to a Green, Smart Future

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HANOI, Vietnam, July 25, 2026 /PRNewswire/ — At VEC in Vietnam on July 21, the Shandong Heavy Industry global partners conference & green intelligent products expo opened. Responding to the green transition of global commercial vehicles and heavy equipment, Weichai – with decades of expertise – unveiled five core tech routes: BEV, HEV, PEMFC, alternative-fuel ICE, and ADAS. Through full-chain proprietary control and breakthroughs, it provides efficient, low-carbon, intelligent power solutions to the global market.

Battery electric vehicle powertrain: full-chain deployment and high-efficiency recharging: Weichai masters core battery, motor, and e‑control technologies. Its CT100 battery – for heavy tractors and dump trucks – features integrated design and triple insulation, delivering better reliability, efficiency, safety, and speed. The WMS3200 drive system, tailored for heavy‑truck haulage, boosts efficiency and cuts vehicle power consumption. The WMC‑L/H/B integrated controllers offer stable, efficient control for light trucks, heavy trucks, and buses.

Hybrid electric vehicle powertrain: deep integration and ultra-long range: Weichai covers series, parallel, and series-parallel architectures, deeply integrating engine and e-drive. For urban logistics, the WP2.5T range extender offers quick response and low noise; for long-haul transport, the WP3NNG natural-gas range extender uses a “pure electric for short hauls, range-extended for long hauls” mode, with over 1,000 km combined range, easing range anxiety.

Proton exchange membrane fuel cell: zero-carbon leadership: Weichai has built a full-chain hydrogen energy system covering components, stacks, and systems. The WEF300 fuel cell engine has been deployed in volume in 49-ton heavy-duty trucks, suitable for long-haul and port logistics. The WEFG500 power generation system provides megawatt-class scalable power to support data centers and industrial plants.

Alternative fuel internal combustion engine: diverse clean-energy options and exceptional cost-effectiveness: Modular design enables flexible switching between H₂ and methanol. WP15DI hydrogen ICE peaks at 46.8% thermal efficiency; WP17T methanol ICE targets heavy‑equipment energy use, cuts operating costs, and is mass‑deployed in 130‑ton mining trucks.

Intelligent driving assistance system: vehicle-road-cloud collaboration: Weichai built a vehicle‑road‑cloud full‑stack architecture, with mining autonomous solution for cm‑level docking & obstacle avoidance, and trunk‑line ADAS with intelligent cruise & auto lane‑change, boosting high‑speed safety and economy.

Going forward, Weichai will keep iterating these five tech routes with global partners to advance sustainable manufacturing.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/weichais-five-tech-routes-global-debut-diverse-paths-to-a-green-smart-future-302834548.html

SOURCE Weichai Group

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Portland General Electric declares dividend

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PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

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