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
SBC Summit 2025
16 de September 2025
Amatic Shines at SBC Summit Lisbon with Innovation and Legacy
(Lisbon, SoloAzar Exclusive).- At SBC Summit Lisbon, Amatic showcased a combination of continuity and innovation across its two brands, Amatic Online and Wildcat Gaming. Exclusive testimonials.
Friday 03 Oct 2025 / 12:00
Sportradar at SBC Summit Lisbon 2025: AI, Integrity, and Brazil’s Rising Influence in Global Gaming
(Lisbon, SoloAzar Exclusive).- Fernando Mora, Senior Sales Executive at Sportradar, reflects on a milestone presence at SBC Summit Lisbon 2025, where innovation, responsible growth, and Brazil’s emergence took center stage. Discover how Sportradar is shaping the future of sports betting through AI-driven solutions and global partnerships.
Thursday 02 Oct 2025 / 12:00
ProntoPaga Strengthens Its Position at SBC Summit Lisboa as a Leader in Digital Payments for iGaming in Latam
(Lisbon, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, shared the company’s achievements and progress during SBC Summit Lisboa 2025, where they reached a record number of strategic meetings. The team presented their 360° solution for the iGaming ecosystem, highlighted their leadership in local payments and instant payouts, and outlined the tech trends set to shape the future of the sector in Latin America.
Wednesday 01 Oct 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.