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September 20, 2021

Lotoshow

First online lottery launches in Brazil

First online lottery launches in Brazil
On July 19, Piaui's governor Wellington Dias inaugurated the first office of Lotoshow marking the launch of Brazil's first online gaming platform.
Brazil | 07/26/2016

On July 19, Piaui's governor Wellington Dias inaugurated the first office of Lotoshow marking the launch of Brazil's first online gaming platform.

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ldquo;There's one big issue with lotteries in Brazil: money laundering. In order to prevent it, revenue will be deposited into a government account, which will make it easier for control bodies to ensure transparency and auditability. The funds will be used to support the development of culture, sports and education,” said the governor.

The aim is to collect 20 million Brazilian reals per year. “Industry estimates show that 200.000 people place bets through foreign-based internet gambling sites, hence benefiting other economies instead of ours. Lotoshow will be beneficial for the Piaui people, which is a victory for all,” Wellington Dias commented.

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