The Gambling Regulatory Council of Andorra (CRAJ) has detailed its plans to create a national lottery in 2020. The authority has included this initiative in its activities report for the running year, which includes the goals for the coming months.
According to Diari d’Andorra, the document proposes an “analysis on the feasibility of developing a national lottery in the Principality, as established by the seventh additional provision of the law” that regulates gambling.
However, this CRAJ project does not detail when this could become reality, nor the potential profits or costs related to the initiative.
The study would help the regulator have a clearer picture to determine the viability of a national lottery, “in accordance to the particularities of the country and [its] internal market.”
In addition, the CRAJ believes that it’s important to carry out “a comprehensive reform at the regulatory level, adapting the law to current and future needs since its implementation and, therefore, the revision and compilation of the current regulation that develop it.”
The sale of lottery tickets in the territory is currently unregulated. An agreement between Spain’s SELAE and CRAJ would allow the latter to perceive 9.5% of the total sales in Andorra, or $2.2 million per year.
The CRAJ assured that it will work to create and implement “a careful and exhaustive procedure for a centralized reception and management of gaming products that authorized operators will market in the Principality, which therefore becomes a new and important challenge [that] they must achieve.”