In Brazil, Raise Pices For Lottery

Caixa econômica federal (caixa) – national bank brazil – made a proposal to raise prices for a series of lottery products. The secretariat for the assessment, planning, energy and lottery of the ministry of economy of brazil (secap) approved this proposal.

According to secap, prices for eight types of products will increase by an average of 28.2%. At the moment secap regulates the lottery sector in brazil and is a division of the ministry of economy of the country.

The new value for products from loteca and lotogol will be 1.5 brazilian real, mega-sena offers will grow in price to 4.5 real.

The secretariat supported price increases, clarifying that this is the first increase in value from may 2015. The department clarified that the main motive for such actions was the prospect of sustainable economic growth in the coming years, as well as the opening and expansion of the national lottery market in 2020.

Also in secap noted that chandes in prices will provide caixa condititions in order to cope with the copetive environment of the lottery market.

This happened a few weeks later from the moment the country’s investment partnership program (ppi) eventually privatized the lottery business, previously managed by caixa. A consortium comprising game technology and scientific games won a tender for government gambling business with instant winning loteria exclusiva instantânea.

According to the 15-year contract, the two suppliers through a joint venture will pay 96.9 million reals ($ 23.8 million) to ensure the terms of the contract, then seven contributions will follow in the amount of 103 million reals. Also, 17% of annual revenues will be paid to the term of the contract, which will cease to act on april 16, 2020.

The brazilian lottery market reported the growth of revenue in the second quarter of this year by 52.6% compared with the same period last year. In this period, mega sena doubled its contribution. Weaker indicators were notic in lotofácil, here revenue decreased by 3% (up to 1 million reals).

Such changes occurred in connection of the unregulated gambling market in brazil. Also in september secap was published a draft decree regulating the rate of sports with fixed coefficients.

Recall, the national lottery camelot took up the fight against ludomania.