Loterias Caixa, the Brazilian National Lottery operator, has reported significant year-on-year growth, generating $4.47bn in revenue for 2022.
The figures represent a 25.7% increase from 2021 – which previously held the title of most profitable year – when revenues totalled $3.56bn.
Last year’s results were aided by the best fourth quarter in its history ($1.08bn). Key to this was the “launch of +Milionária, the new Timemania, the implementation of QR codes on betting receipts and the expansion of multiple Mega-Sena bets up to 20 numbers”.
“The results consolidate the credibility and important social role of the Caixa lotteries for the socioeconomic development of the country, which in addition to being needed to keep public policies in place, provide opportunities for players through millionaire prizes,” noted Rita Serrano, President of Caixa.
The operator will now focus its efforts on improving the governance and control of the public bank.
Other highlights include a 23.4% rise in prizes from the lottery sector, from $1.2bn in 2021 to $1.5bn a year later.
The Mega-Sena game continues to be the most popular among Brazilian lotteries, and it was responsible for the highest percentage of revenues with 47% of the total and $2.1bn.
Lotofácil ranked second, with results of $1.2bn and 28.3% of Caixa’s total lottery revenues. It was followed by Quina, with 13.1% of the total and $578m.
In total, the lottery transferred $2.1bn to different social areas in 2022, such as security, public protection, health, education, sports and culture.
“The numbers transferred to legal beneficiaries last year were record and represented a 23% growth when compared to 2021, when Loterias Caixa transferred $1.6bn,” Caixa said in a statement.
“Helping social causes is the central activity of Loterias Caixa, which, in addition to contributing to the dreams of millions of players, constitutes an important resource to promote the social development of Brazil.
“Almost half of the total collected from these games, including the percentage allocated to Income Tax, is invested in priority areas within the country.”