While the Philippine Charity Sweepstakes Office (PCSO) continues to operate lotto games online in the Philippines, it has been declared that a total of P605, 273, 958. 20 have been forfeited.
The unclaimed prize was covered by the Luzon, Visayas, and Mindanao draw nationwide. Whereas, the period of one year to claim the said amount has ended and was eventually expired.
Details of the unclaimed prizes were revealed to become as the accumulated funds from minor prizes in 6/49 Super Lotto, 6/42, the Mega Lotto, 6-digit game, the 3-digit game and EZ 2.
Such information was based on PCSO records. The forfeited amount which had consumed almost 55 percent of the online lotto’s total sales will eventually be diverted into the agency’s charity fund based on the statement given by the PCSO publicity and advertising manager, Manny Garcia.
Financial (–foul word(s) removed–)istance is not only limited to medical and health (–foul word(s) removed–)istance but it is as well extended to give contributions for the national programs set by the legislative bodies.
Garcia said t6hat unclaimed prizes revert and form part of the charity fund after one year. However, such unclaimed amount can become a big help to be able to fulfill the mission and vision of the PCSO.
There has been a trust and liability account made where unclaimed prizes are tightly kept to finance, support and recognize health programs including the giving of medical (–foul word(s) removed–)istance and services on the ongoing operations of the national charities.
Whatever the amount would be disbursements from the charity funds must be first approved by both the PCSO Board of Directors as well as the Office of the President.
In this sense, they would be able to fulfill one of the PCSO’s emphases on their mission which is the accountability and transparency of all its official transactions.
Garcia stated regarding PCSO’s mission, “Our mission is to be a model government agency in carrying out its responsibility to provide medical and health services to the disadvantaged sectors of the society through a professional workface with integrity, competence, a deep sense of accountability and transparency in all its official transactions.