Brazil: Rio State Lottery initiates sports betting tender process

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Rio State Lottery

The Rio de Janeiro State Lottery (LOTERJ) has opened a bidding process for operators. It is for those interested in developing, distributing, and selling lottery and fixed-odds sports betting products in the state.

The tender will take place on July 5th for a contract worth BR$260.5 million ($49.2 million) over a 5-year period.

The winning company or consortium will be responsible for the development and distribution of lottery products such as draw-based and instant win games, as well as fixed-odds sports betting products, as well as the execution of related advertising campaigns.

Moreover, LOTERJ generated revenue of BR$400 million in the first year of operation. It rose to BR$1.06 billion in the fifth year of the contract.

 

Categories:

Tags:

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

0 responses on "Brazil: Rio State Lottery initiates sports betting tender process"

Leave a Message

Copyright ©️ Qasiknow.com | All rights reserved.
X