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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/igamingbrazil.com/wp-includes/functions.php on line 6121In 2024, players failed to redeem R$431 million in prizes from Caixa Econ\u00f4mica Federal<\/a> lotteries<\/a><\/strong>. These values \u200b\u200bcorrespond to winning tickets that were not collected within the deadline.<\/p>\n\n\n\n Caixa Econ\u00f4mica Federal determines that winners have up to 90 days to redeem prizes. After this period, the amounts are transferred to the Student Financing Fund (Fies)<\/strong>, in accordance with Law No. 13,756\/2018.<\/p>\n\n\n\n Caixa informs that it invests the amounts forgotten in the lotteries in Health, Education, Security and Sports. “We allocate around half of gaming revenue, including Income Tax, to these priority sectors”, explains Caixa.<\/p>\n\n\n\n The transfer to Fies occurs monthly, as the premiums prescribe. In 2023, the fund received R$485.7 million from this source, with August being the month with the highest volume, accumulating R$89.8 million.<\/p>\n\n\n\nForgotten awards generate investments in Brazil<\/h2>\n\n\n\n
How does lottery prize redemption work?<\/h2>\n\n\n\n