
Philippine Charity Sweepstakes Office
The Philippine Charity Sweepstakes Office (PCSO; Filipino: Tanggapan sa Charity Sweepstakes ng Pilipinas[2]) is a government-owned and controlled corporation that operates national and local lotteries in the Philippines. It is under direct supervision of the Office of the President of the Philippines.
PCSO is mandated to do fund raising and provide funds for health programs, medical assistance and services, and charities of national character. The raised collections goes to the President’s Presidential Social Fund to improve the country’s social welfare.[3]
Sources of Revenue
- Sweepstakes Draw
- National Lotteries (Lotto)
- Small Town Lotteries (to compete with jueteng, an illegal gambling practice)
- Scratchcard (Scratch-it)
- Horse Racing
Allocation of Net Receipts
- Fifty-five percent shall be set aside as a prize fund for the payment of prizes, including those for the owners, jockeys of running horses, and sellers of winning tickets. Prizes not claimed within one year from date of draw shall be considered forfeited, and shall form part of the charity fund for disposition.
- Thirty percent shall be set aside as contributions to the charity/ social fund of the Office of the President.
- Fifteen percent shall be set aside as contributions to the operating expenses and capital expenditures of the PCSO.
- All balances of any funds in the Philippine Charity Sweepstakes Office shall revert to and form part of the charity fund.
The disbursements of these allocations are subject to state auditing rules and regulations.