Cuiabá Lottery receives regulatory approval

Cuiabá Lottery receives regulatory approval
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The Brazilian city of Cuiabá is set for a boost to its economy after the Cuiabá Lottery was given regulatory approval, according to Brazilian news outlet GMB.

The creation of a municipal lottery was first mooted last year when Mayor Emanuel Pinheiro ‘authorised a technical study for a public call’ on its technical feasibility.

A major factor behind the proposal was to aid in the economic recovery of Cuiabá, the capital of the central Brazilian state Mato Grosso, following the catastrophic effects of the COVID-19 pandemic.

Last week, Law No. 6,872/2022 regulated the creation of the Cuiabá Lottery, in accordance with the guidelines provided for in Federal Regulation No. 13,756/2018.

The project was approved by the City Council and received 16 favourable votes, and it has now been confirmed that it will be granted to the private sector and controlled by the Treasury Department.

The services will be operated by an ‘outsourced’ company, under the administration of the Municipality of Cuiabá, through the Secretary of Finance.

GMB has further reported that all the income obtained will be invested in sectors that ‘guide the quality of the population’, such as the financing of actions and projects aimed at social assistance, human rights, sports, culture, health, and public safety.

The amount will cover the deduction of expenses, administration of the event, as well as the payment of a portion to the Union for the same purpose.

A spokesperson for the project said: “Unfortunately, these were difficult times economically and emotionally, a virus that, in addition to claiming thousands of lives, affected the provision of essential services.

“With the lottery we want to give a breath to these classes that provide beautiful humanised work, helping hundreds and thousands of people.”