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Decree Law No. 77-B/2021


Publication: Republic Diary No. 173/2021, Series I of 2021-09-06
  • Issuer: Presidency of the Council of Ministers
  • Diploma Type: Decree Law
  • Number: 77-B/2021
  • Pages: 48-(2) a 48-(3)

Summary in plain english

What is it?

Approves the diploma that modifies the rules regarding the organisation and exploitation of the mutual betting contests "Totobola" and "Totoloto".

What is going to change?

It establishes a new maximum limit of the percentage to be allocated to the integration of prizes for each of the games, which will be 65% of the revenue of each contest;

What advantages does it bring?

The intention is, thus, to:

    • Make the game more dynamic;
    • Promote a more efficient management of the prize fund.
    • Allow that the Fund that guarantees a minimum amount for the first prize in the "Totoloto" draws and, if necessary, assures the right to the payment of these of a special category in the respective contests, may also be used to increase the value of the first prize or of other categories of winnings in the contest.
When does it enter into force?

This decree-law enters into force on the day following its publication.

Original Version

LEGAL TRANSLATOR

  • Legal translator is the translation of texts within the field of law

CONSOLIDATED LEGISLATION

Legislative consolidation integrates the various amendments and rectifications made into an original legal diploma in order to make its consultation more accessible to the citizen.