Pakitang gilas: PCSO doubles STL revenues to P1.87B in January 2018
The Philippine Charity Sweepstakes Office (PCSO) said revenues from expanded Small Town Lottery (STL) reached P1.87 billion in January this year, or 103.96-percent increase from P916.5 million in the same month last year.
“Our STL continues to raise more funds to President Rodrigo Roa Duterte’s free medicines and financial assistance to medical patients in the country amid the vilification campaign being waged in the media by vested-interest individuals to destroy the lottery game in particular and PCSO in general,” PCSO General Manager Alexander Balutan said in a statement Sunday.
“The increase in the number of operating STL Authorized Agent Corporations (AACs) and in the Presumptive Monthly Retail Receipt (PMRR) primarily contributed to the increased revenue, through the support of our betting public,” said Balutan.
Keno similarly rose by 22.2 percent from P410 million to P501.2 million; while Lotto (6/42, 6/45, 6/49, 6/55, 6/58, 4-Digit, 6-Digit, 3-Digit, and EZ2) was only up by 8.50 percent from P2.55 billion to P2.77 billion; and no draw for Sweepstakes for this month.
“We rely on the betting public to raise our revenues by playing more lottery games, especially STL. We don’t get money from people’s taxes, through gaming only. That is why we are protecting the interest of the betting public. If we lose their trust, we will lose our business. They are the source of our revenue,” stressed Balutan.The STL made history by generating PHP15.7-billion revenue in 2017 (PHP1.3 billion a month) from a mere PHP4.7 billion in one year compared to figures generated during the previous administrations.
Out of the PHP1.12 billion STL shares, PCSO gave P314.9 million to the Philippine National Police, P78.7 million to the Criminal Investigation and Detection Group (CIDG), P472.4 million to the cities/municipalities, P103.7 million to Congressional District, and P150.3 million to the provinces
As of press time, PCSO has 81 operating AACs. Just recently, the PCSO has terminated two AACs for violations of the STL Implementing Rules and Regulations (IRR)