The Philippine Charity Sweepstakes Office implemented last May 17 a new prize structure for its Lotto games.
PCSO General Manager lawyer Jose Ferdinand M. Rojas II said the changes were made to “address an increasing demand for PCSO medical- and healthcare-related assistance, especially in the previously underserved areas of the country in Visayas and Mindanao.” PCSO raises revenue for its social programs from sales of lottery tickets, of which, under Presidential Decree 420, with 30 percent allotted to the Charity Fund, 55% to the Prize Fund, and 15% for agency operations.
The minimum jackpot prizes were doubled for Lotto 6/42, from P3 million to P6 million; and for the Mega Lotto 6/45, from P4.5 million to P9 million with tickets now at P20, PCSO said.
The minimum jackpot of Super Lotto 6/49 (P16 million) and Grand Lotto 6/55 (P30 million) remain unchanged.
For the second and third prizes, a pari-mutuel system was adopted wherein the higher the sales, the higher the possible payout.
For the second prizes: Lotto 6/42 was fixed at P20,000, but now a player may win up to P25,000; for Mega Lotto 6/45 at P23,000 now up to P50,000; Super Lotto 6/49 at P56,000 now to P70,000; and Grand Lotto 6/55 at P150,000 now to P200,000.
For the third prizes: Lotto 6/42 at P500, now as high as P1,000; Mega Lotto 6/45 at P600 now to P1,500; Super Lotto 6/49 at P1,000 now P2,000; and Grand Lotto 6/55 at P2,000 now to P3,000.
“The fourth prize for all games is now fixed at twenty pesos (“balik-taya”). It is unchanged for Lotto 6/42, with the only changes being made to the other games: for Mega Lotto 6/45, from P40, Super Lotto 6/45 from P100, and Grand Lotto 6/55 from P150,” the agency’s May 21, 2013 press release said.
PCSO has also increased its commission for lotto agents, from 5 percent to 7.5 percent, to encourage more entrepreneurs to open lotto outlets and contribute to the PCSO’s mission of raising revenues for its social programs, it said. .
“We thank our customers for their patronage of the Lotto games and count on their continuing support for the benefit of our less privileged kababayans,” Rojas said.
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by MST.ph.
Comments are views by manilastandardtoday.com readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandardtoday.com. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with MST.ph editorial standards, MST.ph may not be held liable for any false information posted by readers in this comments section