Coljuegos reports COP2.56tn in health transfers from territorial games
Regulation1 min read
Coljuegos reported that Colombian chance games, territorial lotteries and Raspa&Listo transferred COP$2.56 trillion to the health system between 2022 and 2026. Territorial lotteries contributed more than COP$1.05 trillion and chance games COP$1.33 trillion, the regulator said.
Colombia's territorial games transferred COP2.56tn, approximately US$800m, to the country's health system between 2022 and 2026, Coljuegos said. The figures cover chance games, territorial lotteries and Raspa&Listo. Coljuegos president Marco Emilio Hincapié presented the figures at the general assembly of Colombia's lottery federation, Fedelco.
The country's 15 territorial lotteries transferred more than COP1.05tn to health services, Coljuegos said. Chance games contributed COP1.33tn. During the four-year period, lottery sales reached COP2.9tn and chance sales exceeded COP10.6tn.
Coljuegos linked the results to management of the legal market, action against illegal gambling and regulatory modernisation. It said the sales figures reflected greater public confidence in legal gambling.
Hincapié said Coljuegos had signed more than 40 agreements with chance concessionaires and lotteries to combat unauthorised gambling. Territorial games operate in all 32 Colombian departments.
Coljuegos said its work through the National Council of Games of Chance had focused on regulation, oversight, transparency and responsible gambling. The work has included new technical standards for draws and support for lotteries' capitalisation and institutional modernisation.
New regulatory proposals have been drawn up, including measures to modernise lottery rules, introduce random number generation and permit digital broadcasts of draws. The proposals include exceptional measures to protect lotteries' financial stability when they face liquidity risks.