Panama lottery plans digital systems amid reported USD200m annual losses
Panama’s National Beneficence Lottery director Saquina Jaramillo said the institution loses about USD200m annually to illegal lottery operations and plans to acquire new payroll and accounting systems. She said the LNB earns between USD6m and USD7m monthly, and is awaiting a Supreme Court ruling on its contract with Scientific Games for Lotto and Pega 3.
The planned systems aim to improve lottery controls as the institution reports losses to illegal operators.