NewsWhore
03-17-2010, 04:30 PM
The National Lottery sells few tickets. Its income rather comes from collecting taxes on sports betting shops nationwide, Diario Libre reports today.
Administrator Enrique Martinez says 80% of its revenues comes from taxes. The Lottery collected RD$1,423,943,341 last year, of which more than RD$1.24 billion came from the taxes collected from betting parlors and electronic lotteries that operate in the country. On the other hand, the amounts received from the sale of lottery tickets and quinielas, barely reached RD$78,882,518 during all of 2009.
Martinez said those who had preceded him did not launch new products.
Collections primarily came from taxes on Leidsa electronic lottery (RD$381 million), Loto real (RD$12 million) and sports betting shops (RD$846.9 million).
Martinez expects that this year the income of the National Lottery will hit RD$2.01 billion, given what he described as more efficient collection of the taxes and the re-engineering of the quinielas and lottery tickets to increase their sales.
Martinez said that 70% of the collections are donated to sponsor social, sports, cultural and health-related activities. The remaining 30% (some RD$427 million) are operating expenses, including the payrolls.
According to the information published on the Lottery's webpage, there are 1,158 salaried employees that receive a total of RD$16,084,524. To this group there is added another 2,500 workers on special payrolls such as those for control and auditing, retirees, collectors, military incentives and others.
Regarding the donations, the National Lottery has signed several contracts with both public and private entities. Among the most recent contracts is a cooperation agreement, signed on 22 February, with the Prosecutor General of the Republic, in which the National Lottery promises to donate RD$300 million during the year. On 25 February the Lottery also signed an agreement with the administrator of the Economic Dining Rooms to donate RD$100 million.
More... (http://www.dr1.com/index.html#3)
Administrator Enrique Martinez says 80% of its revenues comes from taxes. The Lottery collected RD$1,423,943,341 last year, of which more than RD$1.24 billion came from the taxes collected from betting parlors and electronic lotteries that operate in the country. On the other hand, the amounts received from the sale of lottery tickets and quinielas, barely reached RD$78,882,518 during all of 2009.
Martinez said those who had preceded him did not launch new products.
Collections primarily came from taxes on Leidsa electronic lottery (RD$381 million), Loto real (RD$12 million) and sports betting shops (RD$846.9 million).
Martinez expects that this year the income of the National Lottery will hit RD$2.01 billion, given what he described as more efficient collection of the taxes and the re-engineering of the quinielas and lottery tickets to increase their sales.
Martinez said that 70% of the collections are donated to sponsor social, sports, cultural and health-related activities. The remaining 30% (some RD$427 million) are operating expenses, including the payrolls.
According to the information published on the Lottery's webpage, there are 1,158 salaried employees that receive a total of RD$16,084,524. To this group there is added another 2,500 workers on special payrolls such as those for control and auditing, retirees, collectors, military incentives and others.
Regarding the donations, the National Lottery has signed several contracts with both public and private entities. Among the most recent contracts is a cooperation agreement, signed on 22 February, with the Prosecutor General of the Republic, in which the National Lottery promises to donate RD$300 million during the year. On 25 February the Lottery also signed an agreement with the administrator of the Economic Dining Rooms to donate RD$100 million.
More... (http://www.dr1.com/index.html#3)