Selae will soon award the contract for the treasury services of the State games. The bank is fighting for the management of the National Lottery, Primitiva or Euromillion
Christmas officially kicked off with the arrival of drums, bowl and other supplies at the Teatro Real in Madrid for the traditional Extraordinary Christmas Raffle on 22 December. However, banks are also waiting for their special awards on these dates. Fat: State Lottery and Betting Corporation (Selae) to announce soon Which financial institutions can give away prizes of more than 2,000 euros in the lottery?. If they are selected in the winning bid, they will be responsible for the bidding. Annual distribution of over 9,000 million euros The set of all games belonging to the State Lotteries.
The State Lottery and State Betting Corporation (Selae) Board of Directors publishes a tender every two years to select the banks from which the winners can collect their prizes. In the last call, treasury services were tendered to nine financial institutions.: Temporary Cooperation (UTE) of Caixa Bank, BBVA and the Spanish Confederation of Savings Banks (CECA) consisting of Banco Sabadell, Abanca, Caja Sur Banco, Cajamar, Ibercaja, Kutxabank and Unicaja.
And why is it attractive to the bank to distribute lottery prizes? Banking institutions are interested in having the General State Administration and lotteries as customers because then can catch them at a certain level. Spain currently has 4,200 lottery offices and more than 10,600 outlets across the national geography, according to the latest data from the National Association of National Association of Lottery Managers’ Associations (Anapal). And another reason, the simplest, “It is bidding not to look bad in the eyes of the state”says industry sources.
The corresponding final tender, period from February 2023 to 2025, It was released in mid-November this year, and the deadline for submissions is the 30th of the same month, with the goal of the award being decided in the coming days. In fact, sources in the industry confirm that this contract was issued for the second time because financial institutions did not care about the pricing conditions of the lottery administrations and only one bank applied for the call. Further, the document states that Selae “can unilaterally extend the contract for an additional 12 months.”
In total, a network More than 16,000 bank branches of banks born out of public tenders provide treasury services From different games of the State Lotteries, regardless of region. Banks must meet the nine conditions in the specification, including having a certain level of banking infrastructure. For this reason, as market sources explain, organizations with a unified technological component are often presented.
3 billion 100 million euros in the National Lottery
Despite the lottery being halted during a state of alarm due to the pandemic, the annual backlog of games has not stopped growing. Selea closed 2021 with a total sales of 9.359 million Euros5,566 million correspond to so-called “passive games”, namely the National Lottery and Joker, while in 2020 this last figure was 4,644 million. According to Anapal president Borja Muñiz, 155 million one-tenths sold in 2021about 3,100 million euros.
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In addition to the prize winners, the lottery and Treasury administrations will also receive their shares. In the first case, according to the point of sale management services contract, each lottery house wins 4% for every ticket sold. Likewise, according to the Ministry of Finance Technicians (Gestha), the institution holds 20% of the Lottery prizes exceeding 40,000 euros. The winners of the Gordo award, one-tenth of which is 400 thousand euros, will be awarded 328,000 euros, while the remaining 72,000 euros will be delivered to the Treasury. 17,000 euros will be deducted for the lucky winners of the 125,000 second prize in 10, while 17,000 euros will be delivered to the third place, with 50,000 euros per tenth.
And that’s not all. The Treasury technicians’ union point out that if the top three jackpots by their own calculations are distributed this year, the ministry could win 163.8 million euros in the next Christmas Lottery draw. If your predictions come true, The Treasury will collect 7.28 million euros more than last year for the sale of 8 more series in 2022..