Brazilian lottery revenues increased by 1.7% in 2017 first half

The Secretariat of Economic Monitoring of the Ministry of Finance released the second edition of the Lottery Market Monitoring Bulletin. The publication is quarterly and aims to show numbers and statistics of lottery products regulated at the federal level.

The document indicates that the collection of federal lotteries increased from US$ 892 million in the second quarter of 2014 to US$ 1.05 billion in the second quarter of 2017, representing a 17.8% increase in this period. In the quarterly real collection (excluding inflation) in the period 2014-2017, there is a decline of US$ 1.06 billion in the second quarter of 2014, to US$ 1.03 billion (down 3.7%) in the second quarter of 2017.

However, comparing the second quarter of 2016 with the same period of 2017, there is a real increase of just over 6%, going from US$ 974 m in 2016 to those already mentioned US$ 1 billion in 2017, the bulletin says. This second-quarter recovery of federal lotteries leads to real growth of approximately 1.7% in the first half of 2017 (US$ 1.85 billion) compared to the first in 2016 (US$ 1.82 billion).

SEAE estimates that this real recovery in the semiannual collection of federal lotteries may be a reflection of a possible recovery in the Brazilian economy in the first half of the year. The secretariat also states that with the increase of 2017, compared to the same period of the previous year, there was a greater transfer of resources from lotteries to social programs and raising the collection of Income Tax with the award granted.

"In fact, social transfers totaled approximately 4% between the second quarter of 2016 (US$ 383 million) and the second quarter of 2017 (US$ 398 million)," the document said.

Source: GMB