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Volume 44 Issue 9
Sep.  2020
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LI Gang, DENG Xiao, ZHANG Zhen, WANG Xiaohua. Improvement of the Distribution Mode for the Toto Public Fund in China[J]. Journal of Shanghai University of Sport, 2020, 44(9): 74-86. DOI: 10.16099/j.sus.2020.09.008
Citation: LI Gang, DENG Xiao, ZHANG Zhen, WANG Xiaohua. Improvement of the Distribution Mode for the Toto Public Fund in China[J]. Journal of Shanghai University of Sport, 2020, 44(9): 74-86. DOI: 10.16099/j.sus.2020.09.008
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Improvement of the Distribution Mode for the Toto Public Fund in China

  • School of Finance & Economics, Shanghai Normal University, Shanghai 200234, China

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  • Received Date: April 07, 2020
  • Revised Date: July 31, 2020
  • Publish Date: September 14, 2020
  • Issue Publish Date: September 14, 2020
    Graphical Abstract
    • Abstract
  • Toto is the type of lottery which mainly takes football match results as the guessing object with the highest proportion of sports lottery sales and the largest amount of public fund in China. At present, only a small percentage of lottery public fund is allocated to football causes, which is against the principle that "comes from the people and benefit the people".It fails to meet the policy requirements of the "General Plan of the Football Reform and Development in China", or the general practice of the international lottery industry.On the basis of complying with existing regulations and the interests of existing entities, the Pareto improvement ideas were applied.That is, the incremental public fund of the Toto should be moderately diverted to football causes.This improvement process is suggested to be carried out steadily in stages; the special Funds should be earmarked for youth football causes to bridge its huge funding gap and highlight its significance. At the same time, an independent supervision audit institution should be established with timely detailed release of its use and proper coordination with other institutions.
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    • References (19)
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