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Philippine Lotteries History
Philippine Lotteries History
May 11, 2021 Authorbaji88
The traditional lottery or online lottery is not a novel concept. According to reports, the
country's lottery has been running since 1883. Via the Empresa de Reales Loteria Espanolas
de Filipinas, the Spanish government launched the country's first lottery. The program aimed
to raise money for the government. The country's national hero wrote about his lottery
experience and assisted him in finishing some of his designs.
Dr Rizal wrote in his
journal that he received a prize of Php 6,200.00 during the lottery draw of 1892. He
contributed a large portion of his winnings to the completion of specific programs, giving
the appearance that they could be used for charitable purposes. The game was halted at the
start of the war. The game of lottery was not reintroduced to the general public until 1932.
The game was once again used to collect funds to finance government initiatives.
Act
4130, signed by then-President Manuel Quezon in March 1935, helped create the Philippine
Charity Sweepstakes. The office was permitted by the legislation to obtain Php 250,000.000
from the National Treasury, which will print tickets for subsequent draws. The first draw
was held on September 8, 1935, and the office was able to repay the loaned funds in just two
months. On June 18, 1954, RA 1169 became law, allowing for holding a lottery once a month if
there are no Sweepstakes races or draws.
The government then passed Batasang Pambansa
Blg. 42, which amended RA 1169, or the PCSO Charter, in September 1979. The legislation
raised the fund allocation for its Charity Fund from 25% to 30% of net profits, with 15%
going to activities and the rest going to prizes. The popularity of the Philippines lottery
grew in the 1980s and 1990s. The value of prizes and jackpots has also risen. With more
money at its disposal, the office was able to raise its charitable contributions.