Decree Law No. 77-B/2021
- 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
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.
This decree-law enters into force on the day following its publication.
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