Speaker favors putting a cap on lotto jackpot PDF Print E-mail
Sunday, 28 November 2010 00:00

Speaker Feliciano Belmonte Jr. on Thursday said there should be a cap in the jackpot prize for lotto.

"I think it’s possible that the moment it (reaches P500 million), gumawa ka ng other fund para instead of starting from scratch again, matagal to eh, make it part of jumpstarting the next pot (I think it's possible that the moment it reaches P500 million, you have to make other fund so that, instead of starting from scratch, which would take time, you make it a part of jumpstarting the next pot)," said Belmonte in his weekly press conference.

"You know, a person who wins P1 billion and a person who wins P500 million, pareho lang yun eh (that's just the same), you’re suddenly drowning in money that you don’t know what to do with it," he added.

In last night's draw, the pot prize of super lotto has reached over P600 million and without a winner yet after 84 draws.

Given the scenario, Belmonte said it might be "prudent" to put a cap on the jackpot prize as proposed by Eastern Samar Rep. Ben Evardone.

"That really needs some studying because it might even reach P1 billion. To me, (PCSO) can put a cap there," he said.

Under his proposed resolution, Evardone said that once the pot prize has reached P500 million and no one has won it, the amount should be donated to charitable institutions.

He said that the huge prize was slowly making gambling addicts among Filipinos, including those who don't normally bet on the lotto game.

In supporting Evardone's resolution, the House leader said the winner should be happy with the P500 million prize.

"I'd be very happy if I win only two numbers (out of the six-number combination)," he said.

Meanwhile, Belmonte lauded the decision of President Benigno Simeon Aquino III to return the control of the Philippine Charity Sweepstakes Office (PCSO) under the Office of the President (OP).

"At least malinaw na ngayon who is responsible for the operations of PCSO (At least it is now clear who is responsible for the operations of PCSO)," he said.

On November 19, President Aquino signed Executive Order no. 14 reverting the control of PCSO to the OP to ensure the effective implementation of the government's health agenda.

"Let’s face it, whether it is under the Department of Health (DoH) or other agency, at the end of the day yung Office of the President pa rin ang nagpapatakbo nun kahit saan mo ilagay (it is still the Office of the President that runs it no matter where you place it)," said Belmonte.

The PCSO was originally under the OP. It was moved to the Department of Social Welfare and Development (DSWD) in 2004 and then to the DoH in 2005.

Last Updated on Tuesday, 30 November 2010 12:43