About 48% of the funds raised by Brazilian state-owned bank Caixa Econômica Federal, with the sale of the lottery products, are destined for education, sports, culture, security and social security programs. From each R$ 1 (US$ 0,30) paid, R$ 0.48 (US$ 0,14) is invested in these areas. Only in 2016, US$ 1.85 billion were transferred to organs and entities defined in specific legislation. In the last five years, the total totaled more than US$ 8.95 billion.
Decree-Law No. 204, of February 27, 1967, which defines the role of CAIXA and lotteries, indicates the destination of the amounts received with the commercialization of the games. These are projects related to social security; Education, such as the Higher Education Student Fund (FIES); Sports, such as the Brazilian Olympic and Paralympic committees and football clubs; Culture, with the National Culture Fund; and Security, through the National Penitentiary Fund.
For the Ministry of Education, the money raised from CAIXA Lotteries are directed to the Student Financing Fund (FIES), which grants funding to students regularly enrolled in non-free and positive assessment courses. Pursuant to Law No. 10,260, of July 12, 2001, 30% of the net income of the competitions administered by CAIXA, as well as all prizes not sought by the winners within the limitation period, are directed to the Fund.
The transfers to the Ministry of Sports prioritize the educational, income
Complementary Law No. 79 of January 7, 1994, which created the National Penitentiary Fund, states that 3% of the amount collected from contests, draws and lotteries must be passed on to the Fund. In 2016, more than US$ 117 million were transferred by the CAIXA Lotteries. The Fund supports activities and programs to modernize and improve the national penitentiary system, such as construction, renovation,
The transfer of amounts collected through the sale of lottery products is one of the sources, considered in the Federal Constitution, for Social Security funding, which includes Social Security,
Source: GMB/ Agência Caixa