Caixa collected US$ 2.4b in lotteries but paid 790m in prizes

Caixa has a monopoly over games in Brazil, as it is the only institution that can legally exploit this activity in the country. In a scenario where there is nothing else, lotteries end up being the most popular gaming product among the population.

And, of course, the collection is huge. The total collected in 2017 was US$ 2.4 billion in bets on its lotteries such as Mega Sena, Lotofácil, Quina, etc. Only the Mega Sena, which is the most popular lottery, has grossed US$ 915 million, almost 40% of all revenue.

However, according to the survey of the website apostaganhabr, Caixa pays less than a third of the collection in prizes. Every US$0.95 bet, US$ 0.30 is paid back to the population in award lotteries. With this, the amount paid in prizes in 2017 reaches US$790 million of the US$ 2.4b collected.

"By July, Mega-Sena alone had raised US$ 916m, almost 40% of all sales. Its good performance also leads to offer important prizes during last month, reaching the super prize of US$ 34 million paid to a Rio de Janeiro winner. Good results can also be credited to the success of the special draws, which serve an even wider range of clients. "

Although the country is experiencing one of the deepest crises in its history, in July it raised more than 410 million in lottery betting. According to Caixa, this money is used in social projects in the areas of health, education, sports, safety, culture and security.

Source: GMB / apostaganhabr