Mexican President confirms lottery merger
Tuesday 02 de July 2019 / 09:33
2 minutos de lectura
(Mexico).- President Andrés Manuel López Obrador has confirmed that two of Mexico’s lotteries will merge creating one of the largest lotteries in the region. La Lotería Nacional para la Asistencia Pública (LOTENAL) will merge with the other state lottery Pronósticos para la Asistencia Pública (Pronósticos).
During a press conference held at the National Palace in Mexico City López Obrador did not rule out the cancellation of concessions linked to former federal officials, in the case that any irregularities are detected. “It’s a merger, that was agreed upon, to save operating expenses,” he said.
The merger of both agencies is aimed at reversing Lotenal’s deficit of 540m pesos which was generated from 2008, when the Special Excise Tax on Production and Services (IEPS) was imposed on the lottery. The IEPS tax is imposed on certain products which are deemed harmful in some way to the population or environment such as soft drinks, cigarettes, alcohol and petrol and is already imposed on casinos for which it stands at 30 per cent.
In 2015 Mexico’s Chief Audit Office confirmed that LOTENAL was in a state of growing crisis, since the lottery had stopped making donations to public charities and was dependent on government money so that it could remain afloat and even pay out prizes in some cases. As a result the Audit Office advised that the Executive branch dissolve the lottery altogether because it had failed to comply with its mandate which was to raise money for charitable causes.
However the government for some time has been seeking another solution and rather than scrapping the lottery altogether the government has been looking into the viability of eventually merging LOTENAL with Pronósticos.
The sales for Pronósticos are higher and its sales network is much more advanced than LOTENAL, sales for which have been in decline for over ten years. Pronósticos Deportivos is still very popular, and is already the main seller of the electronic ticket of the National Lottery, with sales standing at $600m per year.
Categoría:Lottery
Tags: Lottery,
País: Mexico
Event
SiGMA Central Europe
03 de November 2025
Uplatform Captivates SiGMA Central Europe 2025: Fresh Ideas, Juicy Results
(Cyprus).- At Fiera Roma, where countless booths fought for attention, only one stopped attendees in their tracks and sparked the reaction, “You have to see this”—Uplatform’s standout showcase.
Thursday 20 Nov 2025 / 12:00
SiGMA Central Europe: An Exclusive Conversation with GR8 Tech’s Chief Sales Officer Yevhen Krazhan
(Rome, SoloAzar Exclusive).- In this interview, Yevhen Krazhan, Chief Sales Officer at GR8 Tech, discusses the cutting-edge products and solutions showcased at SiGMA Central Europe, the audience’s enthusiastic response, and how GR8 Tech is carving out a strong position in high-growth regions such as MENA, Africa, and Latin America.
Thursday 20 Nov 2025 / 12:00
Belatra Showcases Innovation and Expansion Strategy at SiGMA Central Europe
(Rome, SoloAzar Exclusive).- Belatra Games made a powerful impression at SiGMA Central Europe, where Chief Marketing Officer Kateryna Goi unveiled the company’s latest titles and strategic vision. The booth buzzed with excitement as visitors explored novelties such as Long Neck Fortune, Goose Boom Bang, and Fortune Mummy, alongside the centerpiece attraction—the Mummyverse, a connected universe of thrilling slot experiences. Read more about company’s growth and future expansion across Europe.
Wednesday 19 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.