HomeEconomyJackpot for GOB: Lottery Sales Bring in Over $100 Million in 2024

Jackpot for GOB: Lottery Sales Bring in Over $100 Million in 2024

Jackpot for GOB: Lottery Sales Bring in Over $100 Million in 2024

Belize hit the jackpot in 2024—not just in lucky numbers, but in national revenue. The Belize Government Lotteries Limited raked in over a hundred million dollars from Boledo and Sunday Lottery sales, marking a massive leap in earnings compared to just two years ago. According to Prime Minister John Briceño, profits more than doubled, with a significant portion of that windfall being funneled back into programs aimed at helping Belizeans. It’s a winning streak for the government’s coffers—and, potentially, for communities across the country.

 

Prime Minister John Briceño

            Prime Minister John Briceño

Prime Minister John Briceño

“For the period November 21, 2023 through to 30th November, 2024, the government-owned and managed Belize Government Lotteries Limited recorded sales of some $111.2 million, which was for lottery sales revenues only. Additional revenues were collected for device rentals and sale of thermal paper. This was an increase of sixty-five million dollars or one hundred and forty-two percent above the sales as reported by Brads Gaming Company for the fiscal year 2022 – sixty-five million dollars more. And they mi have fi what – about twelve years – so do the math. Prize winnings paid out for the same period was seventy-seven point six million dollars, reflecting a playout percentage – We never did hear how much Brads Lottery mi di pay out. We di pay out seventy percent of sales we di pay back to the Belizean people.”

 

Facebook Comments

Share With: