Hopes rise for racing lottery

But some insiders doubtful that betting will be legalized soon

A working group for a horse racing lottery was established recently in Beijing, a step seen by business as a positive sign pointing to eventual legalized betting on horse racing on the Chinese mainland.

A horse racing lottery would enrich the types of sports lotteries available in China, and all of the income generated would go toward State finances, charity institutions and the horse racing industry, according to People's Daily.