The Lottery Law, or Regulation 13 756, specifies that by the finish of 2022, the lottery payments to the Brazil Olympic Committee (COB) will attain the history-higher degree of BRL165 million, or approximately USD29.6 million. It would imply a 10% calendar year-on-year improve from the 2021 degree.

The levy paid out to the COB is only 1.7% of the full revenue of all federal lotteries in the place. The resources will be invested in the sport’s progress and preparation for the 2024 Olympic Video games in Paris.

The Olympic Committee to adopt new standards of money distribution

The Olympic Committee of Brazil has also recently enhanced the conditions by which the lottery money are dispersed. The alterations have been built in the run-up to the 2022/24 Olympic Circle.

From now on, the transfer of the funds will be primarily based on thirteen criteria and eleven sports. 50% of all price range will be despatched to the entities and the other 50 % – to confederations.

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