Sports lottery in a narrow sense in China refers to lottery tickets issued by sports competitions, which can also be called quiz-type sports lottery tickets, such as football lottery tickets, baseball lottery tickets and horse racing lottery tickets. Sports lottery in a broad sense refers to all kinds of sports-related lottery tickets for the purpose of issuing lottery tickets. Chinese sports lottery refers to a written certificate issued to raise funds for the development of sports undertakings, printed with numbers, graphics or words, for people to buy voluntarily and obtain the right to win prizes according to specific rules. Sports lottery has no name, no loss report, no principal return, no interest payment and cannot be used in circulation. There are two main ways to sell sports lottery tickets in China, namely, large-scale sales of instant sports lottery tickets and computer-aided sales of traditional sports lottery tickets. In order to speed up the development of sports undertakings, make up for the shortcomings of sports undertakings, and raise funds for national fitness, winning glory for the Olympic Games and running a good competition, 1994 issued the China Sports Lottery. The sports lottery in China is anonymous, with no loss reporting, no return of principal and no circulation. The distribution and sales of sports lottery in China follow the principles of openness, justice and fairness. Abide by the working principles of unified distribution, unified printing, unified sales, quota, fixed area, fixed procedures and strict examination, and seriously deal with violations. The winning method of sports lottery in China must be announced when it is sold, and the lottery will be supervised by a notary and conducted in public. 1. Announce the lottery results at the point of sale in time. Winners hold valid votes and receive awards according to the prescribed procedures. The traditional lottery prize for computer sales is paid in RMB cash. Those who fail to win the prize within the time limit are deemed to have abandoned the prize and the prize money will be rolled into the prize pool. China's sports lottery revenue is managed by the financial departments of sports lottery management institutions at all levels, and special accounts are set up for the development of sports undertakings. The usage is regularly announced to the public and subject to public supervision. No department, unit or individual may intercept or misappropriate the proceeds of sports lottery for any reason. The issuance, sale and related economic activities of sports lottery tickets must be subject to the audit supervision of the government audit department.