From January to October 2022, a total of R$ 323.34 million (US$ 61.35m) in prizes were no redeemed by bettors of all lottery modalities in Brazil.
By the rules, the redemption of prizes must take place within 90 days after extraction.
The prescribed amount of the awarded bets is passed on in full to student financing (Fies), as provided for in Law 13.756/18.
Caixa Econômica Federal reported that lotteries "are an important instrument to promote the social development of Brazil, as it directs almost half of its revenue to social programs and projects in areas such as sport, culture, social security, health, safety, among others."
Source: GMB
