Steps to Franchise PCSO Lotto Outlet Franchise Applicant must be at least 21 years old and submit a letter of intent with location map and photos of the proposed location. PCSO will inspect the site to evaluate potential sales. PCSO will inform the applicant that they need to construct the lotto booth with regards to the requirements of PCSO.
Full Answer
How to get a PSCO lottery franchise?
PSCO lottery never open a franchise opportunity but you can have a lotto outlet, all you have to do is apply as a lotto agent. The following are some of the requirements to have a lottery outlet: 1. Individual should be: 2. Applicant must submit 3. Must have a good location for the lotto 4. The cost for your lotto outlet includes: 5.
How much does it cost to open PCSO lotto outlet franchise?
Do you want to know more about the PCSO Lotto Outlet Franchising like how much you will need for it? Based on an article on Peso Academy, an applicant will need at least Php 312,500.00 for the PCSO Lotto Outlet Franchise. Here is a – breakdown of the said amount:
Is it profitable to have a Lotto franchise?
Many of us want to have a business venture that surely profitable that’s why some businessmen started to franchise lotto outlet because they think that owning a lottery outlet makes income. PSCO lottery never open a franchise opportunity but you can have a lotto outlet, all you have to do is apply as a lotto agent.
What are the requirements to have a Lotto outlet?
The following are some of the requirements to have a lottery outlet: 1. Individual should be: 2. Applicant must submit 3. Must have a good location for the lotto 4. The cost for your lotto outlet includes: 5. You will be under the Agency Contract 6. Operation for your lotto outlet will be 7:00 AM to 8:30 PM and seven (7) days a week 7.
How can I become a lotto agent in the Philippines?
If you are at least 21 years old, you can apply as a PCSO Lotto Agent in the Philippines....It must meet the following criteria:High volume of foot traffic.Not prone to traffic.Good telecommunication facilities.At least 100 meters away from schools, churches and other lotto outlets.At least 5 meters away from pawn shops.
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 much is the commission of lotto agent?
An authorized PCSO lotto agent is entitled to a commission of 7.5% for ticket sales in jackpot-bearing games.
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.
How far away from a hotline terminal should a telephone be located?
Such telephone (specially landline) should be situated at no more than one (1) meter away from the proposed terminal location.
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.
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.
How far away from a lotto outlet is a lotto?
Criteria in Choosing a Lotto Outlet. The PCSO has strict guidelines and requirements when it comes to the Lotto site, below are the details: Distance requirements are as follows: for existing lotto outlets, the other lotto site should be at least 50 meters away (minimum required) from each other. It should also be at least 100 meters away ...
How far away from a lotto should you be?
Distance requirements are as follows: for existing lotto outlets, the other lotto site should be at least 50 meters away (minimum required) from each other. It should also be at least 100 meters away from schools (both elementary and secondary)
What is a PCSO Lotto?
The Lotto is governed by the Philippine Charity Sweepstakes Office or commonly known as the PCSO in which its major commitment is to provide charity to the Filipino people. Specifically, its mission is to generate funds for health programs and charities of national character through charity sweepstakes races, lotteries and other similar activities. That is why becoming an on-line lotto agent is also a noble business venture as you are not only earning but at the same time you are helping the country to move forward. A PCSO Lotto Outlet Business also does not only provide you income but gives you a sense of accomplishment as you offer opportunities for the people in your community.
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 ...
Who dreams of winning the lottery?
Everyone dreams of winning the Lotto. Photo from Pexels.com
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.
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.
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…:-)
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.
Which direction should Lotto outlets be?
For security reasons, all lotto outlets should be enclosed and must face the direction of human traffic/entry. Frontage must face the main hallway/corridor or to the direction of major traffic flow.
How long does it take to play Keno Lotto Express?
Keno Lotto Express is a game of chance played every ten (10) minutes that allows players to choose how many numbers to play and how much money to bet. Keno bettors pay per play and have a chance to win as much as P1 million.
How many numbers do you have to pick to play keno?
The player first decides how many Spot numbers, from 1 to 10, to play per game. Let’s suppose you chose Spot 8. You then have to choose eight (8) numbers, from 1 to 80, to be your game play numbers.
