Brazilian state lottery operator Caixa has recorded $3bn in revenues in 2020, which has been highlighted as ‘the best result in history’ according to a report from Games Magazine Brasil.
The number reached in 2020, one of the most dynamic ones for lotteries in Brazil, represents a 2.35% increase compared to what was achieved in 2019 when revenues hit $2bn.
The report indicates that the Mega-Sena game was the modality with the highest sales, totalling 40.4% of the revenue. At the same time, 2020 was the year in which Caixa has awarded the most prizes, with a record $948m in prizes in regards to 300 million winning bets.
As a result, $1.49bn were sent to priority areas in the country such as health, education, security, sports, among other sectors. This also represents the largest contribution to date by loterías Caixa.
As revealed by the Brazilian public bank Caixa Econômica Federal, which operates the lotteries, they estimate that in 2021 this vertical will be listed on the stock market.
The organisation’s President, Pedro Guimarães, said that he has the intention of ‘resuming market operations’ so at the moment there is a ‘total focus on the sale of shares of the subsidiaries’ named above.
He added that ‘IPOs are a legacy’ that he intends to leave in the institution, ‘since the presence of minority shareholders tends to reinforce governance’.