Today's Punto
Today's Punto
PCSO earns P20.8-B in 4 months

May 17, 2018

CLARK FREEPORT -- Philippine Charity Sweepstakes Office (PCSO) General Manager Alexander Balutan has reported “unprecedented earnings” of P20.8 billion in the last four months from Lotto, Small Town Lottery (STL), and other “products” of his agency.

This was a 29.30 percent increase from PCSO earnings over such period last year, he said in a statement.

“Our STL earnings are unprecedented for a total of P7.8 billion from January to April with an increase of 101 percent from the same period last year. Of course, Lotto including Digit Games are still at the forefront with P10 billion and Keno at P1.8 billion. The Instant Sweepstakes also rose to P727 million,” Balutan said.

Record showed that although Lotto and digit games earned P10 billion in four months, its sales decreased at 5.08 percent compared to the same period last year, while Keno increased by 12.48 percent.

For the month of April, Lotto earned P2.3 billion, a 0.22 percent increase from the same period last year.

“’Yung lotto games kasi are jackpot-driven sales. Ina-associate kasi natin ‘yan sa jackpot prize natin. Kapag mataas ang jackpot natin, malaki din ‘yung nagiging sales. Tapos meron din tayong three days na walang sales nung Holy Week kaya apektado talaga ang Lotto sales,” Balutan explained.

On the other hand, STL earned P2 billion last month, he noted.

“From 84, we now have 81 STL operators. We have just terminated three Authorized Agent Corporations (AACs) recently due to repeated violations of the STL-Implementing Rules and Regulations (IRR) especially various cases of under-remittance of the Presumptive Monthly Retail Receipt (PMRR). We will not hesitate to terminate them,” he said.

Earlier, Balutan warned of a temporary slowing down of revenues from the STL because some AAC’s were either sanctioned or their contracts withdrawn for violations of the IRR.

The PCSO Board has already opened applications to replace the terminated AACs, and a consultative meeting with the AACs from all over the country was also conducted to discuss some revisions of the IRR.

It also aims to address issues and problems concerning the shortfalls of STL operators in their PMRR, Balutan noted.

“STL operators are now learning to grasp the rudiments of gaming. While we understand that majority of them are new to gaming, they should pay the correct PMRR. Let us continue supporting President Rodrigo Duterte’s all-out war against anti-gambling. For our part, we will strengthen our IRR to completely eradicate jueteng, masiao, swertres, peryahan ng bayan, and all forms of illegal gambling,” Balutan said.

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