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HomeDaily NewsBusinessCaixa Lotteries experienced a modest increase of 0.4% in its Q1 revenue

Caixa Lotteries experienced a modest increase of 0.4% in its Q1 revenue


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Caixa Lotteries, following its remarkable collection record in 2022, has recently released a new report providing a detailed breakdown of the numbers for the first quarter of 2023.

According to the statement released, Caixa Lotteries collected R$5,000 million (USD 1,015,695,000) from January to March, marking a slight increase of 0.4 percent compared to the same period in 2022. Furthermore, the total net prize amount awarded to players during this timeframe reached R$1,500 million (USD 304,708,500).

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The report also highlights the significant role of Caixa Lotteries as a vital resource for promoting social development in Brazil. In the first quarter of the year, R$2,000 million (USD 406,278,000), accounting for 39.1 percent of the total, was allocated to various social programs initiated by the Federal Government. These programs encompass areas such as social security, sports, culture, public safety, education, and health. The allocated amount exhibits a 2.0 percent increase compared to the same period in the previous year, demonstrating the positive impact and contribution to society, including through income tax payments.

The figures of Caixa

According to the quarterly report, Caixa disclosed a recurring net income of R$1,900 million (USD 385,964,100). This reflects a decline of 23.9 percent compared to the same period last year.

In contrast, Caixa’s assets concluded the first quarter at R$1.652 billion (USD 335.5 billion), denoting an 11.1 percent growth in the annual comparison. The data encompasses the credit portfolio, which reached R$1.036 billion (USD 210.4 billion), representing a 16.6 percent increase. Additionally, the report includes the securities and derivatives portfolio, which amounted to R$2,494 million (USD 506,628,666), indicating a decrease of 1.4 percent over the course of one year.

Here are some of the highlights from the period:

  • Total loan portfolio with a balance exceeding R$1 billion (USD 203,139,000,000), showing a growth of 16.6 percent in 1Q22.
  • Real estate loan portfolio reached a balance of R$659,300 million (USD 133,929,543), indicating a growth of 14.4 percent compared to 1Q22. Caixa’s market share in real estate loans stood at 66.5 percent in 1Q23.
  • Recurring Net Income for 1Q23 amounted to R$1,900 million (USD 385,964,100), marking a decrease of 5.3 percent compared to 4Q22 and a decline of 23.9 percent compared to 1Q22.
  • Lotteries Caixa collected R$5,000 million (USD 1,015,695,000) in 1Q23, representing a 0.4 percent increase compared to 1Q22. Out of this amount, R$2,000 million (USD 406,278,000) was allocated to social programs.
  • Social benefits paid from January to April 2023 amounted to R$119,400 million (USD 24,254,796,600).
  • Bolsa Familia benefits were paid to 21.3 million families, totaling R$53,600 million (USD 10,888,250,400) during the same period.
  • The Salary Bonus payment reached a value of R$10,600 million (USD 2,153,273,400) from January to April 2023.
  • INSS benefits disbursed from January to April 2023 amounted to R$38,200 million (USD 7,759,909,800).
Jerome McNamara
Jerome McNamara
Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.


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