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How much funds PCSO has raised for charity in past years.

Friday 21 July, 2017

pcso raised funds

PCSO is the name for the Philippine Charity Sweepstakes Office, that is organizing lottery games in the Philippines. It is a government-owned and government-controlled corporation. It is is the principal government agency for raising and providing funds for health programs, medical assistance and services.

Little about lotteries history

We - the active lottery players can help other people indirectly. However, do you ever wondered how much exactly money goes to the charity from the PCSO "wallet"? What's exciting lottery holder in the Philippines gives money to different causes instead of one? And very often in, for example in European countries, cash from lotto or sports stakes goes only for sport or just for health care.

First lotteries hundreds of years ago, were made only to raise funds for building new streets or for more sophisticated needs. What's more in some of the lotteries, only well-known people could take part. There was no place to pour people to bet. The cost of the ticket was outrageously high. It was rather for rich people to show their support for the king or to show off. Sometimes to promote their own business. Winnings? Not important, and not very high, indeed.

PCSO sales report 2015

There is a company or rather an organization called the World Lottery Association. It gathers all possible data from lotto organizing entities around the world. This way we found some data about the sales from 2015 and 2014. Still waiting for the 2016 year data, which probably will be contained in the next WLA "compendium".

Taking everything into account what we know is that in 2015 sales from draw-based games were equal to 37,407,494,347 PHP. It's more by 15% than the year before! This amount in USD is 822,091,421$. Let's compare this amount with other countries. Considering our lottery spends, we are placed between Malaysia with 826,383,698$ and Canada with 815,475,244$.

The money that in some way went back to people is about 40% of all sales. Total in PHP is 15,399,943,452. The majority went to "other good causes," and it was 11,445,490,985. The smallest amount went for social activities and sport - respectively 35 and 60 million PHP. 388,212,162 PHP for education and 204,688,430 for culture.

Other PCSO data

At the end some other facts. PCSO is the public entity established in 1935. Nowadays it has 1,111full-time employees. There are 11,070 points of lotto sale in the Philippines.