Revenue at Taiwan Sports Lottery Co (台灣運彩) last year reached a record NT$46.6 billion (US$1.67 billion) thanks to the Tokyo Summer Olympics, the Sports Administration said.
It said NT$4.6 billion of the revenue was directed to the National Sports Development Fund.
The closure of gyms and other sports venues nationwide amid a COVID-19 outbreak battered the local sports industry, the agency said, adding sports events were either postponed or canceled.
The government offered relief funds and implemented measures to sustain the sports industry, and Taiwanese athletes’ outstanding performance in the Tokyo Olympic Games — two gold medals, four silver and six bronze