Jan. 28, 2008
To give you an idea where our bets go when we play lotto .... Revenue Allocation
In accordance to its Charter, the PCSO generates its revenues from the sale of sweepstakes and lotto tickets.
To arrive at the amount of net receipts, the printing cost which shall not exceed two percent (2%) of the gross receipts, is deducted from the gross receipts generated from the sales of sweepstakes and lotto tickets.
Section 6 of RA 1169, as amended, specifically allocates the resulting net receipts or revenues of the PCSO.
In other words, out of every one peso (Php1.00) revenue, approximately 0.55, 0.30, 0.15 centavos go to the Prize, Charity and Operating Funds, respectively.
Each allocation has its own specific purpose and usage, so that diversion or inter-fund transfers are illegal and in violation of the PCSO Charter.
