In the first nine months of 2024, CAIXA Lotteries generated R$ 18.2 billion, marking a 12% increase compared to the same period in 2023. A portion of this amount is allocated monthly to social programs, totaling R$ 7.1 billion directed to areas such as social security, education, health, sports, culture, and public safety. Additionally, approximately R$ 6.3 billion were awarded as prizes to bettors.
Financial Results and Challenges in the Lottery Sector
CAIXA Econômica Federal reported a recurring net profit of R$ 9.4 billion by September 2024, a 21.6% increase from the same period in 2023. The bank also achieved advances in areas like credit portfolio management and delinquency rates, which fell to 2.27%. Despite the growth in lottery revenue, experts highlight the need for business model modernization, considering the rising competition from online games and sports betting—sectors expected to gain full regulation in 2025.
CAIXA recently relaunched Lotex, known as the “Raspadinha Federal” a game discontinued for about nine years, and is restructuring its lottery division to meet the demand for sports betting and digital gaming. These changes aim to enhance efficiency and competitiveness in an ever-evolving market.
With steady financial growth throughout 2024, CAIXA Lotteries are projected to reach R$ 23.4 billion by year-end, requiring an additional R$ 5.2 billion. The ongoing restructuring and introduction of new products are expected to further support social programs and strengthen the national economy.
Caixa Econômica Federal is one of the largest public financial institutions in Brazil, founded in 1861. Its operations cover various sectors, offering services such as bank accounts, loans, financing, insurance, and lotteries. One of its most prominent areas is the collection of CAIXA Lotteries, which funds a range of social programs, such as Minha Casa Minha Vida, health, education, and social security.
Additionally, CAIXA is responsible for managing social security funds, including the Severance Pay Fund (FGTS) and PIS/PASEP, which are designed to protect Brazilian workers and ensure their retirement or benefits in case of dismissal.
