Brazil Lottery Payments to COB Will Arrive at Report Degree in 2022

The Lottery Legislation, or Legislation 13 756, specifies that by the conclude of 2022, the lottery payments to the Brazil Olympic Committee (COB) will attain the document-significant stage of BRL165 million, or approximately USD29.6 million. It would signify a 10% year-on-year boost from the 2021 degree.

The levy compensated to the COB is only 1.7% of the complete revenue of all federal lotteries in the state. The resources will be invested in the sport’s development and preparation for the 2024 Olympic Games in Paris.

The Olympic Committee to undertake new conditions of cash distribution

The Olympic Committee of Brazil has also not too long ago improved the criteria by which the lottery cash are distributed. The variations were being made in the run-up to the 2022/24 Olympic Circle.

From now on, the transfer of the resources will be dependent on thirteen requirements and eleven sports. 50% of all funds will be despatched to the entities and the other 50 % – to confederations.

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