Latvijas Loto to handout cash rewards to the best high school graduates

Latvijas Loto to handout cash rewards to the best high school graduatesReading Time: 1 minute

In 2018 and 2019 high school students will get great financial incentives to improve their grades, as the best-performing high school graduate from each class will receive €500 from the proceeds of the “Lottery of the Centrury”/Centennial Lottery, to be held as part of Latvia’s 100th founding anniversary.

The scheme will require €400,000 in total, according to the countries Finance Ministry.

It is held as a cooperation between the Finance Ministry and Latvijas Loto, the organizer of nationwide lotteries in Latvia.

“The grant program and the related Centennial Lottery is our chance to invest in the future of Latvia, in our talented and smart young people. Let’s use this opportunity!” stated Latvia’s president Raimonds Vējonis.

The scratchcard lottery will have 1,000,000 tickets, each worth €5. A total €3.2 million will be awarded in prize money. The four largest-winning tickets will carry €100,000 each.

In general, the popularity of gambling and lotteries in Latvia in the first quarter increased – the revenues of operators increased by 9.8%. Tickets will be available both in physical form and online.


Source: LoginCasino

Source: European Gaming Industry News

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