Operator News
Brazil – Caixa reports slight increase in lottery revenue in 2023
By James - 5 March 2024
Caixa lotteries shared the financial results for the fiscal year 2023 as part of Caixa Econômica Federal’s annual final presentation.
According to the report, the accumulated result for the year 2023 showed revenue of R$23.4 billion. This represents an increase of only 0.9 per cent compared to the total income recorded in 2022 – R$23.2 billion.
The total net prize awarded to bettors during the 2023 period was R$7.9 billion.
The report also indicates that R$9.2 billion, equivalent to 39.2 per cent of the total, were allocated to Federal Government social programs in the areas of social security, sports, culture, public safety, education, and health during 2023. This represents a 1.9 per cent increase compared to the amount allocated in the same period in 2022.
However Caixa lottery sales are likely to receive a boost later this year with the launch of instant product Lotex. Although the exact launch date has yet to be set new rules give Caixa Econômica Federal the right to issue instants for a period of 24 months including online instants after President Lula signed a decree that regulated Lotex in August 2023.
Last week the federal government announced that it had withdrawn Lotex from the National Privatization Program (PND). Instants will instead, according to the decree, continue to be operated by Caixa. It is unclear for now if that means that Caixa will run instants permanently or if Lotex will be eventually tendered out as had originally been planned.
