By Ben R. Rosario
Anticipating a dip in the usual charity fund collection due to a provision allegedly “smuggled” by government into the Tax Reform for Acceleration and Inclusion law, the Philippine Charity Sweepstakes Office will bite the bullet and impose and pursue a 20 percent hike in the prices of lotto tickets.
PCSO General Manager Alexander Balutan said that while the effects of the TRAIN law on lotto sales have yet to be determined, the State-owned lottery firm has no option but to abide by it and increase the cost of betting in lotto.
“We are contemplating to change the cost of the tickets from P20 to P25. We are also looking into other possibilities in order to catch up in case charity funds will decrease,” Balutan said.
