New Lottery Is Aimed At Younger Gamblers

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New Lottery Is Aimed At Younger Gamblers

The Ministry of Construction and Transportation said Friday that seven government bodies that conduct lotteries will jointly introduce a new lottery similar to that of the United States starting July next year.

Unlike the current lotteries in Korea, in which numbers are set in advance by issuers and public drawings are conducted weekly, purchasers can choose their own numbers in the new lottery through terminals to be established in convenience stores and gas stations. The seven government issuers will share the proceeds from the new lottery.

"The new lottery is expected to attract young buyers," said a ministry official, "and to enlarge the lottery market from the current 400 billion won ($302 million) to about 700 billion won."
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