Brazil Lottery Payments to COB Will Arrive at Document Amount in 2022

The Lottery Law, or Legislation 13 756, specifies that by the conclude of 2022, the lottery payments to the Brazil Olympic Committee (COB) will achieve the document-high level of BRL165 million, or approximately USD29.6 million. It would indicate a 10% year-on-calendar year improve from the 2021 amount.

The levy paid out to the COB is only 1.7% of the complete gross sales of all federal lotteries in the nation. The money will be invested in the sport’s advancement and preparation for the 2024 Olympic Online games in Paris.

The Olympic Committee to undertake new requirements of funds distribution

The Olympic Committee of Brazil has also not too long ago enhanced the standards by which the lottery funds are distributed. The alterations had been designed in the operate-up to the 2022/24 Olympic Circle.

From now on, the transfer of the cash will be based mostly on thirteen conditions and eleven athletics. 50% of all budget will be despatched to the entities and the other 50 percent – to confederations.

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Posted by: Timothy Cox on Category: Online