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Caixa Lottery Showed Great Revenue Growth

14 May 2021, 14:12
Votes: 1

Caixa Econômica Federal recently published its economic data for the first quarter of 2021. According to the local lottery news, compared to the same quarter of last year, the results have exceeded by 50% for the respect of 2020 with more than 4 billion reais of financial benefit.

Caixa Lottery Showed Great Revenue Growth

Caixa lottery: growth and expansion

In the first quarter of the year, Caixa Econômica Federal has managed to raise nearly 4 billion reais. Of this amount collected, 1.9 billion have been invested in social funds of the Brazilian government, such as social security and education. Concerning the same period of 2020, the amount of money distributed in prizes also increased by 14%, being 1.5 billion reais.

It has been also informed that Caixa Lottery sponsors the Brazilian Gymnastics Confederation. This agreement has been closed for four years where it will invest 7.5 million reais each year. The investment money will come from the Lottery Development Fund and this will cover two Olympic Games and will help the Brazilian Gymnastics Confederation to promote the expansion of this sport.

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