According to Caixa, in the last quarter of 2022, Lotteries obtained revenue of BRL 7.2 billion, which represents an increase of 28.1% compared to the same period last year. In the year 2022, Lotteries collected R$ 23.2 billion, an increase of 25.6% compared to the previous year.
It is important to note that there was an increase in the price of bets, although Caixa did not specify whether this was taken into account. This data was released yesterday – Wednesday (22).
During the fourth quarter, a total of R$2.8 billion, representing 38.6% of the total amount, was allocated to the Federal Government’s social programs in areas such as social security, sports, culture, public safety, education and health.
The amount is 27.1% higher than the amount earmarked for the same period in 2021 and also includes the return to society through income tax payments.
Betting regulation would increase lottery revenue by 140%
It is widely accepted that the regulation of gambling would bring significant benefits to Brazil. With the enormous potential of the iGaming sector, we would have an important source of income for areas such as health and education, among others.
In addition, the regulation of betting would allow the expansion of existing sports in the country, including lotteries. Lotteries are an important part of Brazilian culture and many people place daily bets on lottery houses.
According to the Getúlio Vargas Foundation (FGV), the regulation of intermediation companies in the lottery sector, which connect the Caixa Econômica Federal (CEF) lottery to the customer, could result in a 140% increase in lottery tax collection in the Brazil in just one year. Furthermore, if the regulation results in a sector growth of between 20% and 30%, the impact of intermediation could reach around R$ 1 billion.