The Philippine Charity Sweepstakes Office (PCSO) reported it has reached its P55-billion initial target for the month of October, its chief said, as reported by The Manila Times.
“From January to October, our gross sales is P54.8 billion, which is 27 percent higher compared to the same period last year. When we say overall, that is combined Lotto, Keno, Small Town Lottery (STL), and Instant Sweepstakes,” PCSO General Manager Alexander Balutan said.
Data from the office of PCSO’s Gaming, Product Development and Marketing Sector revealed that Lotto was the highest earning product with P27,987,584,260 gross sales, up by 5.13 percent from a year earlier.
It was followed by STL with P21.9 billion sales, Keno with P3,899,533,950 sales, and Instant Sweepstakes with P958,364,000.
“We are confident that we will once again break our sales records and hit the P60 billion sales by the end of this year. And this is because of the phenomenal sales brought about by the record-breaking jackpot prize that reached P1 billion for the Ultra Lotto. Its promotion, popularity, and public acceptance also helped other online lotto games to increase sales for the months of September and October. STL sales is also unprecedented for this period,” Arnel Casas, officer-in-charge assistant general manager for Gaming, Product Development and Marketing Sector, said.
Balutan accounted the growing sales to the expanded STL operations being operated by Authorized STL Agents (ASAs) across the country.
“STL is the second highest earning product. That’s why we are very aggressive in the campaign against illegal gambling. Let us support authorized numbers games so we can help boost our fund,” he added.
In 2017, the PCSO set a target of P55 billion but was adjusted to P60 billion. It also bolstered Lotto products nationwide.
“Like I always say, figures don’t lie. This is proof that PCSO is and has always been on the right track in meeting its revenue target or more by the end of this year,” Balutan said.