The Ministry of Economy is working on creating a model aimed at the national lottery market. While this does not materialize, the government of the state of São Paulo presented a project last week, corresponding to the new Loteria Paulista. So check out how stock exchange lottery.
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Permission to create state lotteries took place in September 2020. The endorsement came with a decision by the Federal Supreme Court (STF), which concluded that this activity should not be a federal monopoly.
Stock exchange lottery
The Loteria Paulista project was approved by the Legislative Assembly in June 2021. In this sense, the plan is for the announcement to be published on the 25th and the auction to take place on March 29 at B3, which is the Stock Exchange. Therefore, the winner will be responsible for putting the lottery operation into operation.
Future prospects for the market
There is an expectation around this project, as it has a very high market potential, of R$ 14.1 billion per year in 20 years. However, Gustavo Viscardi, specialist in studies for the Expression of Interest Project (PMI) belonging to Consultoria Econômica, believes that the value may be greater than R$ 23 billion in that same period.
The specialist sees greater growth potential in the face of an investment plan that is more entrepreneurial, around R$ 4 billion. In this way, around 97,000 jobs could be created in the state of São Paulo alone, according to his estimate.
Modalities foreseen for the Loteria Paulista
The modalities designed for Loteria Paulista include prediction games of three types: numeric, specific and sports, as well as passive lottery, which is when the player already acquires the numbered ticket, instant, which are the scratch cards, and finally, odds bets fixed.
Groups have already shown proposals
Eleven groups have already approached the government of São Paulo to present proposals for modeling the Loteria Paulista. However, the government preferred the path of hiring only one company to operate the games.
Anyway, this new style of lottery promises to shake up the market, given that a considerable portion of the Brazilian Gross Domestic Product (GDP) comes from betting. Therefore, in the coming years this area should grow even more.