Barbados Lottery Revenue

National Lottery Revenue (Barbados)

1) Who manages and to whom the money goes

The official operator of The Barbados Lottery is IGT Global Services Limited (Barbados Branch). Funds from lottery products are sent to four beneficiaries: Barbados Olympic Association, Barbados Cricket Association, Barbados Turf Club, National Sports Council. The lottery website emphasizes that "part of every dollar" goes to these local programs; as a guideline, the figure of US $9.5 million was publicly cited in 2016 alone to support "good causes."

Additionally, prizes that are not in demand on time are redistributed among the same beneficiaries according to the lottery policy (the deadline for presenting the prize is spelled out in the rules of the games).

2) What are the lottery revenues

• Prize pool (including jackpots and instant winnings);
• Trading margin/point of sale commissions;
• Operating expenses (payment infrastructure, ticket printing, IT, marketing);
• Taxes and duties applicable in Barbados (outside the scope of beneficial contributions). The tax architecture for betting and games is installed by Betting and Gaming Duties Act, Cap. 60 and administrative procedures (including high duty rates for certain forms of betting).

Net transfers to beneficiaries come from the remaining "net" under established agreements. Direct shares on the beneficiary in open sources are not published, but the very fact and regularity of transfers are confirmed by both the lottery and the materials of the recipients (see below).

3) Confirmations from recipients of funds

The financial statements and notes of the organizations themselves reflect settlements with the operator. Thus, the annual report of the Barbados Olympic Association for 2024 shows receivables of $381,092 to IGT Global Services Limited as an "outstanding share" of transfers (comparable to $398,173 a year earlier) - direct documentary evidence of regular transfers from the lottery to the beneficiaries.

4) Long-term flow guarantees: contract base

IGT has been managing The Barbados Lottery since its launch (2005) and has a prolonged agreement with license holders/beneficiaries: in 2019, it was decided to extend the management for another 10 years (from 2023 to 2033) with the option of two additional terms of 5 years. This reduces the regulatory risk for future transfers.

5) What affects the volume of income and transfers

Tourist seasonality. Island attendance correlates with lotto/scratch turnovers (more checks during peak season). The importance of tourism to the Barbados economy is regularly reported by the WTTC (T&T contribution to GDP/employment, projections).

Product line and jackpots. The growing interest in inter-island jackpots (e.g. Super Lotto) increases gross receipts, but also increases the share of the prize pool.

Sales channels. Retail density and activity, promotions and ease of verification of results.

Regulatory environment. Cap fees/licenses. 60 and the general gambling frame (Cap. 134A, Cap. 134) define transaction costs and allowable formats.

6) How money gets to the end goal: a mechanism in three steps

1. Players buy tickets/scratches → revenue and prize obligations arise.

2. The operator (IGT) closes prizes and expenses, takes into account unplayed winnings according to the rules.

3. The net balance is transferred to the beneficiaries (sports/culture), and part of the "unclaimed prizes" is also sent there (according to the lottery FAQ).

7) What society sees: Examples of the effect

High performance sports and mass sports (national teams, infrastructure, youth programs) through BOA/NSC.

Traditional industries and events (horse racing, horse grooming, day racing) through the Barbados Turf Club.

The national game is cricket: training, tournaments, equipment through the Barbados Cricket Association.

8) Frequent questions about "earnings" and prizes

What happens to unclaimed prizes?

They are distributed among the four beneficiaries of the lottery according to the rules.

Are there "official" amounts in recent years?

The lottery publicly cited the US $9.5 million benchmark for 2016 (for "good causes"). Accurate quarterly/annual cuts by year are usually published in fragments (through releases and recipient reports), therefore, for aggregated assessment, beneficiary reporting and overall tourism/sales dynamics are used.

Who is responsible for the sustainability of enumerations?

Operator (IGT) under a private management agreement with beneficiaries and under government supervision; contract extension to 2033 maintains predictability of flows.

9) How to increase public returns (recommendations 2025-2030)

More transparency in reporting: a single annual digest by amount and direction (by beneficiaries/programs).

Digital engagement services: project tracking, initiative profiles, "success stories" on the lottery website.

Smart calendar of events tied to the peak of the tourist season (sales support without increasing RG risks).

RG 2 policy. 0: Expanding funding for prevention and assistance so that income growth goes along with social responsibility.

The revenues of The Barbados Lottery are a steady private-public flow that, after covering prizes and expenses, translates into funding for Barbados sports and cultural institutions. Public data confirm both the volume of such transfers (benchmark - US $9.5 million in 2016), and their regularity (including through the BOA receivable to IGT), and the extension of lottery management until 2033 creates the basis for predictable transfers in the future. For even greater public value, the sector should increase reporting transparency and digital inclusion channels.