The Philippine Charity Sweepstakes Office (PCSO) announced the roll back of lotto ticket price from PHP24 to PHP20.
“We restructured the price. Based on the suggestions of our agents and gaming public. We made a study and analysis and its viable. (We) will roll back to PHP20 and this already includes the VAT (value-added tax),” PCSO General Manager Royina Garma said..
In 2018, the agency increased the lotto ticket price from PHP20 to PHP24 to adhere with the implementation of the Tax Reform for Acceleration and Inclusion law which also imposed VAT on the numbers game.
The change is aimed to attract more lotto players to place bets or buy lotto tickets that may result into higher revenue collection for the agency, which had been affected by the cessation of lotto and other games due to the enhanced community quarantine.
Recently, the PCSO agency has lowered the fees to become an authorized agent of its games to help those who lost their jobs due to the coronavirus disease 2019 (Covid-19) pandemic.
Despite the absence of revenues since March, the PCSO had been aggressive in contributing to the national government’s medical as well as humanitarian response to the pandemic.
The agency has released a total of PHP33,894,462 worth of medical assistance to 4,453 indigent Filipinos across the country from June 1 to 5.