Brazil Lottery Payments to COB Will Achieve File Stage in 2022

The Lottery Regulation, or Regulation 13 756, specifies that by the conclusion of 2022, the lottery payments to the Brazil Olympic Committee (COB) will get to the file-large degree of BRL165 million, or around USD29.6 million. It would necessarily mean a 10% calendar year-on-yr maximize from the 2021 degree.

The levy paid out to the COB is only 1.7% of the overall profits of all federal lotteries in the region. The cash will be invested in the sport’s progress and planning for the 2024 Olympic Games in Paris.

The Olympic Committee to adopt new standards of resources distribution

The Olympic Committee of Brazil has also just lately improved the conditions by which the lottery cash are dispersed. The alterations ended up designed in the run-up to the 2022/24 Olympic Circle.

From now on, the transfer of the funds will be dependent on 13 standards and eleven sporting activities. 50% of all funds will be sent to the entities and the other 50 percent – to confederations.

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