There is no franchising fee. Instead of a franchise fee, agents who are approved will have to pay a P10,000 installation fee and a P1,700 processing fee. How to Apply PCSO Lotto Outlet in the Philippines - More Information Q&A
Full Answer
Is PCSO a franchise?
Philippine Charity Sweepstakes Office (PCSO) Lotto Franchise Application Process. The applicant must be Filipino and at least 21 years old. You need to submit a letter of intent, with a location map and photos of the proposed site for your PSCO stand.
How many lotto outlets are there in the Philippines?
Of these, 7,768 are lotto outlets; 13,320 are small-town lottery kiosks; 2,194 are Peryahan ng Bayan outlets; and 472 are Keno shops.
Is Lotto outlet need business permit?
Authorized Agent Corporations (AACs) operating Small Town Lottery (STL) need not acquire a business permit or license from the city hall, the Philippine Charity Sweepstakes Office (PCSO) clarified.
How do I become an authorized agent of PCSO?
Every Filipino aged at least 21 years old is eligible to apply to become an authorized PCSO lotto agent. Initial documentary requirements are: letter of intent, location map of the proposed location, and photos of the area of the proposed location.
How much commission do lotto agents get?
Lotto agents earn 5% commission per sale. But the PCSO also requires lotto agents to reach a certain sales quota per month in order for the outlet to continue operating. In Metro Manila, the quota is said to be P300,000 to P600,000 every month depending on the location.
How old do you have to be to be a lotto agent?
How to Apply to Become a Lotto Agent. 1. The prospective lotto agent must be Filipino and at least 21 years old. Submit a letter of intent with a location map and photos of your proposed PCSO lotto outlet. 2.
How far away from a lotto can PCSO inspect?
2. PCSO will then inspect the proposed location and evaluate potential sales and communication facilities. The site must have significant foot traffic, not prone to flooding, at least 100 meters away from schools, churches, and other lotto outlets, and at least 5 meters away from pawnshops.
How much of PCSO profits go to charity?
Its Charter allows the PCSO to allot 30% of its net sales to the Charity Fund, while 55% is allotted to prizes, and the remaining 15% to operations.
Where did PCSO get its franchise?
PCSO got its franchise from the Philippine Congress and those interested to operate their own outlets are called “lotto agents.” That doesn’t mean, though, that as lotto agents you won’t have to shell out money.
Do lotto outlets need to be enclosed?
For security reasons, all lotto outlets should be enclosed and must be facing the direction of human traffic/entry. Frontage must face the main hallway/corridor or to the direction of major traffic flow. 6. Outlets located within a commercial building or complexes, with 24-hour security, need not be enclosed.
Who installs the terminal for Lotto booth?
PCSO will inform the applicant that they need to construct the lotto booth with regards to the requirements of PCSO. The terminal will be installed by PCSO.
What is the Philippine Charity Sweepstakes Office?
The Philippine Charity Sweepstakes Office (PCSO) is the principal government agency for raising and providing funds for health programs, medical assistance and services, and charities of national character.
Is a lottery location enclosed?
Frontage must face main road or to the direction of major traffic flow. In cases of malls, shopping centers or superstores, the lottery location need not be enclosed provided there is security of operation, especially after store hours.
Is PCSO lotto popular?
PCSO lotto outlets are popular all the time and you will always see a line for anyone to play and get a chance to win hundreds of pesos.
What happens after submitting a lotto application?
After submitting the application form, an agent from PCSO will conduct a technical evaluation and inspection of the propose lotto outlet location. After which, the applicant should be informed of the results of the technical evaluation and inspection. If the applicant and the site qualify, the application is still subject for further evaluation because the requirements are different for individuals and corporation. When the application has been approved, and the applicant is given the license, the owner of the franchise is then notified on when he should construct his lotto outlet.
How to apply for Philippine lottery?
Philippine Charity Sweepstakes Office also has an online application system wherein you can apply as an Online Philippine Lottery Agent. The online process includes filling-out an on-line Lottery Application form. The application form should include an attachment of the sketch of the map and a photograph of the actual building of the proposed lotto outlet site.
What is PCSO franchise?
PCSO lotto franchise is a type of business wherein you are most likely to receive your return of investment in a not very long time.
Is online gambling profitable?
The online gambling business is a very lucrative one. In this type of business, you just need to make sure that everything is legal so that you will stay long in the online gambling industry. << Start an Industry Magazine Franchise. How to Report Franchise Tax Fraud >>.
What is a PCSO Lotto franchise?
PCSO Lotto Franchise: A Quick Background. PCSO stands for Philippine Charity Sweepstakes Office , which is a government-owned company. Since its run by the government, it leaves us less worries regarding the legalities of the business. However – you should be careful when trying to get a license, since there many scammers out there pretending ...
What is the N ext stage of Lotto?
N ext stage, PCSO will inform and instruct you to construct the lotto booth, and you’ll of course have to follow the PCSO’s strict requirements, such as colors, floor space, etc. The terminal itself will then be installed by the PCSO. 4. After installation of the terminal, you’ll have to pay the processing and installation fee.
What does PCSO do for Lotto?
One of the nice things about being a Lotto outlet franchise – is that the PCSO takes care of a lot of stuff for you, like the telecom fees, the terminal rental and service fees (hardware and software). They also provide you with the supply of betting slips and thermal rolls, free of charge. You won’t have to pay for any of these. You will of course need to pay for the rent of your space, electricity, staff wages, etc.
Is the Get Rich Secret a revenue stream?
However, I wouldn’t count on the “Get Rich Secret” as a revenue stream. Instead, in order to make the most revenue out of your lotto outlet – we recommend selecting a great busy location with high foot-traffic. That’s the real secret…:-)
Who dreams of winning the lottery?
Everyone dreams of winning the Lotto. Photo from Pexels.com
Is a Lotto Outlet Franchise a Bullet-Proof Business?
Well, over the years, owning a Lotto Franchise Business has pretty much proven to withstand even the worse economic times. Why you may ask? It’s very simple: During bad economic times, people actually look for hope anywhere they can find it, and the Lotto is definitely a great place to find hope.
How much commission does a Lotto outlet get?
With Lotto outlet’s highly dependent on commission sales, which have an earning potential of 5% of the outlet’s sales commission, makes a Lotto business an ideal investment for populated areas.
Can you dream of becoming a millionaire in Lotto?
That dream of one day becoming an instant millionaire became plausible, when Lotto outlets became a thing in the market. People started lining up to achieve that million peso dream that they’ve been dreaming of, and for others, they are thinking if this Lotto outlet is a possible business to earn money at.
