GOOD LUCK PHILIPPINE CHARITY SWEEPSTAKES

FOR SO MANY YEARS THE PHILIPPINE CHARITY SWEEPTAKES IS EARNING BILLIONS OF PESOS AND WAS CONSIDERED ONE OF THE BEST SOURCES OF GOVERNMENT FUNDS FOR CHARITABLE SERVICES. DESPITE OF THE HUNDRED PERCENT INCREASE OF ITS BET FROM TEN PESOS TO TWENTY PESOS, FILIPINOS STILL PATRONIZE THIS GAMES OF CHANCE HOPING THAT ONE DAY LUCK SMILES AT THEM.

ANOTHER FAST RISING GAMES OF CHANCE OF THE PHILIPPINE CHARITY SWEEPSTAKES IS KENO. IT IS BELIEVED TO SURPASS THE COMBINED SALES OF LOTTO 6/42, 6/45, 6/49, 6/55 AND 6/58 IN THE YEARS TO COME.

BUT LATELY, A BAD NEWS STRUCK THE GAMES OF CHANCE PLAYERS WHEN LOTO OUTLETS ALL OVER THE COUNTRY POSTED A BULLETIN BOARD THAT SAYS; “WINNINGS OF MORE THAN TEN THOUSAND PESOS ARE TAXABLE OF TWENTY PERCENT IN CLOSE PARENTHESIS ORDERED BY BUREAU OF INTERNAL REVENUE (BIR).

THIS IS A RIDICULOUS MEMORANDUM COMING FROM THE BUREAU OF INTERNAL REVENUE. A GAME OF CHANCE IS A GAME OF CHANCE MEANING IT IS NEAR TO IMPOSSIBLE TO WIN HUGE MONEY FROM ANY GAMES THEY PLAYED OFFERED BY PCSO.

DESPITE OF THIS FACTS, FILIPINOS STILL TAKE THEIR CHANCES HOPING SOMEDAY THEY WILL HIT THE RIGHT COMBINATIONS. ON THE PROCESS THEY LOSS HEAVILY. TAXING THEIR SMALL WINNINGS IS ROBBING THEM AT BROAD DAY LIGHT.

IT IS A KNOWN FACT FROM THE BETTING COMMUNITY THAT COMPUTER GAME SUCH AS KENO IS DESIGNED TO GIVE PAYBACK OF 3% - 7% FROM THE TOTAL ACCUMULATED BET PER GAME. AGAIN, DESPITE OF THIS ODDS, MANY TAKE THE RISKS AND BET THEIR HARD EARNED MONEY IN EXCHANGE OF THE SLIM CHANCES OF WINNING.

TAXING 20% THE WINNING OF POOR JUAN DELA CRUZ OF MORE THAN TEN THOUSAND IS A BAD NEWS TO HIM AND A BAD OMEN TO PCSO IN PARTICULAR.  THIS WILL MEAN A BACKLASH OF THE LOTTO AND KENO PLAYERS. IF THIS SCENARIO WILL NOT CHANGE AND THE MEMORANDUM OF THE BUREAU OF INTERNAL REVENUE WILL NOT OVER RULE EXPECT THE LESSER INCOME OF PCSO IN THE COMING YEARS.

THE LEADERSHIP OF PCSO EXPRESSED THEIR FEAR REGARDING THIS MATTER. ACCORDING TO THEM, IT WILL BE HARDER FOR THEM TO MARKET PCSO PRODUCTS.

ILLEGAL NUMBER GAME OPERATORS WILL SHINE ANEW AND WILL TAKE THIS OPPORTUNITY TO ENTICE THE BETTING PUBLIC WITH HUGE AND TAX FREE PAYBACKS.