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.
- PCSO will inspect your proposed site to evaluate potential sales and communication facilities in the area.
- Wait for PCSO’s approval and start constructing the lotto booth, following the PCSO’s strict requirements.
Full Answer
How much does it cost to open a PCSO lotto franchise?
The franchise fee for a PCSO lotto outlet varies in different cases. The franchise fee ranges from as low as P20,000 to as high as P100,000. After the owner has paid the processing fee and the installation fee, he is now ready to pay a surety bond to the appropriate Philippine government agency.
How hard is it to become a PCSO lotto agent?
As you can see, there’s quite a lot of work involved in becoming a PCSO lotto agent. Actually, only five to seven applicants are approved by the PCSO every week. However, once you’re in, you’ve probably entered one of the most resilient franchise businesses out there. What is the PCSO Lotto Franchise Cost? Is there a Franchise Fee?
How do I start a PCSO franchise in Philippines?
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. PCSO will inspect your proposed site to evaluate potential sales and communication facilities in the area.
Can I start my own Lotto outlet without paying franchise fee?
This is the best news for those who are looking to start their own Lotto outlet because PSCO does not charge its Lotto outlet agents any franchisee, that’s right you can start your own Lotto outlet without paying a franchise fee!
Where did PCSO get its franchise?
How much of PCSO profits go to charity?
How far away from a lotto can PCSO inspect?
How much commission do lotto agents get?
How old do you have to be to be a lotto agent?
What is a PCSO?
Do lotto outlets need to be enclosed?
See 2 more
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 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 do I get a keno franchise?
Requirements to Franchise Keno Lotto ExpressBarangay Clearance.Birth certificate.NBI Clearance.Proof of income (ITR, certificate of employment, or audited financial statement)Three copies of 2×2 ID photos of applicant and spouse, if applicable.Two valid IDs.
Is Lotto under PCSO?
The PCSO Lottery Draw is a Philippine television game show produced by the Philippine Charity Sweepstakes Office (PCSO).
How much is lotto agent commission?
An authorized PCSO lotto agent is entitled to a commission of 7.5% for ticket sales in jackpot-bearing games.
How much do lotto agents make?
15 - 25% on every ticket (performance based) + bonuses.
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 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.
What is the first product of PCSO?
In January 1995, during the incumbency of then Chairman Manuel Morato, the PCSO launched the very first online lottery in the Philippines known as Lotto, its first draw was held on March 8, 1995.
Who is the owner of lotto?
For wealthy philanthropist Sir Kessington Adebutu, this is another another success. He is the CEO of Premier Lotto and goes by the name Chief Kessington Adebukunola Adebutu.
Are government employees allowed to play lotto?
All government officials and employees shall strictly observe and comply with all pertinent laws, issuances and policies prohibiting government personnel to enter, stay, or play in gambling casinos.
Is lotto winnings taxable in the Philippines?
The amendment makes it so that lottery winnings over P10,000 will be taxed only 10 percent while winnings under P10,000 will not be taxed.
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 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.
How do you use a lotto machine?
0:256:49how to use the Lottery - YouTubeYouTubeStart of suggested clipEnd of suggested clipYou just press on a three digit. You get to pick three digits or three numbers for example let's sayMoreYou just press on a three digit. You get to pick three digits or three numbers for example let's say five eight seven. Once you pick the three digit they will show up to your left.
What is cash bond in lotto outlet?
She said the bond for lotto outlet agency applicants in municipalities is now only P100,000, P200,000 in cities and P300,000 in chartered cities. Previously, the bond was set at a uniform P300,000.
Sample letter of intent for opening a lotto outlet? - Answers
What is the definition of the word vent? vent noun 1. an opening, as in a wall, serving as an outlet for air, smoke, fumes, or the like. 2. an opening at the earth's surface from which volcanic ...
PCSO Lotto Franchise Fee, Cost, Information - Startup Biz Hub
PCSO Lotto Franchise Fee, Cost, Information. 502 comments; 1 expert advice; 124,839 views; 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.
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 are the products of PCSO?
The main products of the PCSO are the sweepstakes and the lottery games. The Sweepstakes game has steadily been evolving through the years to be able to conform with the changing times, to keep the game interesting to all Sweepstakes enthusiasts and to hopefully attract more clients, and to maintain a variety of Sweepstakes products readily available in the market. Various game types have been introduced and other game innovations are constantly being conceptualized, particularly of the traditional and scratch and match variety and the Small Town Lottery (STL).
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 school can you be from a PCSO?
100 meters away from schools/place of learning, subject to PCSO’s policies and existing rules, except if the location is enclosed or a shopping center.
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 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 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.
How far away from schools should a PCSO stand be?
Remember, the site for your PCSO stand must have significant foot traffic, it shouldn’t be prone to flooding, at least 100 meters away from schools, churches, and from other lotto outlets, and at least 5 meters away from pawnshops.
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.
How old do you have to be to be a PSCO agent?
Here’s the process of becoming a PSCO Agent: 1. First, a lotto agent must be Filipino and at least 21 years old. If you are, you’ll have to submit a letter of intent, with a location map and photos of the proposed site for your PSCO stand. 2.
Is it safe to own a PCSO?
It’s the safest way. Owning a PCSO Lotto outlet is actually not being a Franchisee. You’ll be a PCSO Lotto Agent, who’s given the right to operate a lotto outlet. It’s actually Congress who gave PCSO the franchise, and they give agents the right to sell.
Who dreams of winning the lottery?
Everyone dreams of winning the Lotto. Photo from Pexels.com
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.
What is PCSCO in Philippine?
The Philippine Charity Sweepstakes Office (PCSCO) is a government-owned agency that is known as the principal body for raising and providing funds for health and medical programs, services, and charities. All of these with Lotto outlets as the main product of PCSCO, a betting game that is continuously improved and develop to keep ...
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.
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.
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)
How old do you have to be to apply for a Filipino business license?
First of all you need to be a Filipino citizen and at least 21 years old at the time of application if you will be an individual applicant. For corporation, the business should be duly registered and existing under Philippine laws and the ownership should be 100% Filipino.
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.
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 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.
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 >>.
Is PCSO legal in the Philippines?
PCSO (Philippine Charity Sweepstakes Office) is a government-owned company, which is why you do not have to worry about the legalities of the business. Since it is being run by the government, you are sure that everything the business is all about is legal.
What time do the Suertres Lotto games start?
The Suertres Lotto games are drawn every day, at 11:00 a .m., 4:00 p.m., and 9:00 p.m., with the first prize of P4,500.00 per twelve peso play. While the EZ2 game is also drawn every day, the same time as the Suertres Lotto draws, in Luzon, Visayas, and Mindanao with Php4,000.00 as first prize per twelve peso play.
What is PCSO in Philippine?
Since its inception in 1934, the Philippine Charity Sweepstakes Office (PCSO) has lived up to the challenge of its mandated mission and purpose and has remained unwavering in carrying out its vision of uplifting the quality of life of the Filipino people. The agency has well established itself as a model government institution with its unquestioned dedication to serve the disadvantaged sectors of society. With these, the PCSO has developed strong credence and incontestable acceptance from Filipinos who have all come to believe and get comfort on the fact that the PCSO will always be there for them, as long as needs need to be satisfied and hopes and dreams need to be given life and fulfillment.
What are the products of PCSO?
The main products of the PCSO are the sweepstakes and the lottery games. The Sweep stakes game has steadily been evolving through the years to be able to conform with the changing times, to keep the game interesting to all Sweepstakes enthusiasts, and to hopefully attract more clients, and to maintain a variety of Sweepstakes products readily ...
What does PCSO inspect?
PCSO will inspect your proposed site to evaluate potential sales and communication facilities in the area.
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 the franchise industry booming?
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
Is Lotto a franchise?
Lotto is not a franchise. Anyone who is interested in getting a lotto outlet is considered a lotto agent.
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.
Where to pay P2,500 application fee?
2. Pay the amount of P2,500 as application fee to the PCSO Treasury Department (in Main Office) or Cashier (in PCSO bran ch office).
Where to pay P10,000?
Pay the P10,000 installation fee to the PCSO Treasury Department (in Main Office) or Cashier (in PCSO branch office); and
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.
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.
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 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.
What is a PCSO?
The Philippine Charity Sweepstakes Office or PCSO is the charity arm of the Philippine government, providing funding for essential health and welfare activities . The PCSO’s primary earnings come from the public’s payment to enter sweepstakes or lotto draws sponsored by the agency.
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.
