Lockdowns, unemployment hobble PCSO performance

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STATE-run Philippine Charity Sweepstakes Office (PCSO) missed its P11.59 billion revenue target in the second quarter, marking the second consecutive time that it missed its quarterly targets this year.

In its accomplishment report, the PCSO said that from April to May it only generated a total of P8.313 billion, 28.3-percent below its target for the period.

The PCSO said its revenue were impacted by the imposition of quarantine classifications nationwide and unemployment.

“Hence, the decrease in sales.”

For the second quarter of this year, the PCSO earned most of its revenues from Small Town Lottery (STL) accounting for P4.73 billion. This is followed by lotto and digit games (P3.35 billion), National Instant Sweepstakes program (P176.13 million) and Keno (P55 million).

In the second quarter last year, PCSO did not generate any revenue from its gaming operations after these were suspended following the declaration of the Enhanced Community Quarantine on the National Capital Region and a state of calamity and public health emergency throughout the country.

Nonetheless, the PCSO also provided P634.09 million as health-and medical-related assistance to 75,082 Individuals, 22 local government units (LGUs), 14 hospitals and 20 institutions during the second quarter.

The PCSO said that as part of its mandate under the Universal Health Care (UHC) Act, it contributed P103.79 million for this quarter. Including its contributions to the UHC fund pool in the first quarter of this year, the PCSO’s total contributions for 2021 have so far reached P277.75 million.

It also allocated a total of P94.24 million to various institutions as part of its mandatory contributions in the second quarter of this year.

The lottery regulator also released P59.625 million as lotto shares to local government units and P32.711 million to the Philippine National Police, National Bureau of Investigation and four local government units. The PCSO said it also paid P2.082 billion as taxes to the Bureau of Internal Revenue.

In the first quarter of this year, the PCSO also fell short of its P11.59 billion revenue target as it only collected P11.24 billion.

PCSO Assistant General Manager Arnel N. Casas earlier said the agency forecasts sales to reach P35 billion this year.

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