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. In a narrow sense, sports lottery refers to the lottery issued by the media of competition, which can also be called quiz-type sports lottery. Such as football lottery, baseball lottery, horse racing lottery, etc. ; Sports lottery in a broad sense refers to all kinds of sports-related lottery tickets for the purpose of issuing lottery tickets.
Sports lottery public welfare fund is used to implement the national fitness plan and the Olympic glory plan, as well as the maintenance of sports venues, equipment renewal and sports poverty alleviation work; The public welfare fund allocated by the provincial, district and municipal sports commission is earmarked for the implementation of the Olympic glory plan and the national fitness plan; The public welfare fund allocated by the prefecture, city and county sports commission is used to implement the national fitness plan.
Use of funds
By the end of 1998, the State Council has officially approved the issuance of sports lottery tickets of 6.2 billion yuan. 50% of the funds raised by China's sports lottery will be returned to the winners, 20% will be the distribution expenses and 30% will be the sports public welfare fund. 65438+1 September, 19981day, the State Sports General Administration, the Ministry of Finance and the People's Bank of China jointly issued the Interim Measures for the Administration of Sports Lottery Public Welfare Funds, stipulating that the sports lottery public welfare funds are mainly used to implement the following expenditures in the Outline of the National Fitness Plan and the Outline of the Olympic Glory Plan:
(1), Olympic glory plan.
(2) National Fitness Program.
(3) National Social Security Fund.
(4) Urban and rural medical assistance fund.
(5) Construction and maintenance of extracurricular activities for teenagers.
(6), the Red Cross humanitarian relief.
(7), the cause of the disabled.
Refer to the above? Baidu Encyclopedia-China Sports Lottery