PCSO earns P63B in 2018, breaches P60B target

- Advertisement -

Amidst the persistent operations of illegal numbers game activities such as jueteng, Small Town Lottery (STL) revenues continue to soar due to Philippine Charity Sweepstakes Office (PCSO) General Manager Alexander Balutan’s unwavering resolve in aggressively implementing Executive Order 13 of President Rodrigo Duterte.

In data provided by the Gaming, Product Development and Marketing Sector headed by Assistant General Manager Arnel Casas, PCSO earned a whopping P63,557,912,238.39 in 2018.

Of that amount, P31,902,529,360 came from Lotto and digit games, P26,103,422,348.39 from STL, P4,397,969,030 from Keno, P1,149,124,000 from Instant Sweepstakes Ticket (PMC), and P4,867,500 from Sweepstakes.

From its P15,742,331,964.66 gross sales in 2017, STL is up by 65 percent this year.

Executive Order No. 13 was signed by President Duterte on February 2, 2017 seeks to “intensify” the government’s fight against illegal gambling.

The EO orders the Philippine National Police, National Bureau of Investigation, Department of Justice, Department of Interior and Local Government, and the Department of Information and Communications Technology to work together and intensify their efforts in curbing illegal gambling.

PCSO Charter, or RA 1169, particularly on revenue allocation, provides that the revenue of the PCSO shall be allocated to 55% for prize fund (payment of prizes), 30% for charity fund (various charity programs and service) and 15% as operating fund (maintenance and operating expenses).

ABOUT THE AUTHOR

JUST IN

More Stories