STL generates P21.9B in 10 months

Published November 24, 2018, 2:40 PM

by Francine Ciasico

By Jel Santos

The Small Town Lottery (STL) has generated a staggering P21.9 billion revenue from January to October this year, the Philippine Charity Sweepstakes Office (PCSO) bared on Saturday.

Alexander Balutan
PSCO GM Alexander Balutan
(Joseph Vidal / MANILA BULLETIN)

PCSO general manager Alexander Balutan said illegal games are being eliminated through STL.

“Our strategic objective when we expanded our STL operations is to eliminate all forms of illegal numbers games such as jueteng, masiao, swertres, pares and peryahan ng bayan. Many gambling financiers have migrated to STL and now paying the right taxes to the government, providing funds for health programs and charity services,” he said.

From January to October, he said the gross sales of PCSO from all its lottery products is already at P54.8 billion, notably 27 percent higher than of same period last year.

Balutan said STL is the second highest-earning product of the agency.

He attributed the success of STL to its agents and to the 67 branch managers nationwide.

“Napalaki po natin ito sa pagsisikap ng ating mga masisipag na empleyado ng PCSO na pataasin ang ating revenue (STL grew through the hard work of our employees in keeping our revenue high),” Balutan enthused.

Assistant general manager Remeliza Gabuyo said that the branch operations sector, there are 82 STL operators nationwide.

STL’s charity fund-sharing scheme is as follows: city or municipality, 10 percent; provincial government, 5 percent; congressional district, 2.5 percent; and PNP, 5 percent.

“We generate funds for charity services of the country, health programs of national character. That’s our mandate.

“We do not get anything from the national coffer. We earn our funds through gaming. Ang tawag po dito ay hindi ‘gambling,’ kundi ‘gaming,’” the general manager ended.

 
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