The Brazilian Department of Evaluation, Planning, Energy and Lottery (Secap) has published the second edition of its Overview of the Lottery Market report covering January – September 2021.
Updating stakeholders on the financial performance of Brazilian lotteries, Secap revealed steady growth in lottery collections in the LatAm nation from 2017 to 2020 as well as the forecast that the collection from the department will exceed R$18bn.
This figure represents nominal growth of 8.3% growth from the same period last year, and 28.6% growth from 2017 when the first report began collating data.
Waldir Marques, the Undersecretary of Awards and Drawings at the Ministry of Economics, pointed to the takings as a signal of the solidity of the lottery market, given that it maintained growth despite the challenges that COVID-19 presents.
Furthermore, Brazilian lotteries contributed 14% more in transfers to public policies than in 202. Lotteries contributed R$4.64bn towards social security (46.8%), to the National Public Security Fund, with 25.2%, and to education, with 10.6% between January and September 2021.
Education also recorded a 110% increase in resources due to the reversal of one of the 2020 Mega da Virada awards that had not been redeemed.