Brazil: Banestes Loteria expected to launch by the end of the year

Key Points
- Banestes Loteria aims to start operations by the end of 2025
- Partner selection process requires international experience and certifications
- Revenue will be directed to public services in the state, such as education and healthcare
Banestes Loteria, a subsidiary of the bank of the Brazilian state of Espirito Santo, is expected to begin operations before the end of 2025.
Bank CEO, Amarildo Casagrande, noted that the search for a partner to operate the lottery and provide technology is still underway.
Casagrande said the bank is conducting a very thorough selection process, adding that the chosen partner must bring international experience and all necessary certifications.
Originally, the bank aimed to select the partner by April 2025, with operations starting by mid-year, but both deadlines have now been extended.
According to Casagrande, the Banestes Loteria project will deliver significant benefits to the state.
Banestes Loteria will channel funds back into Espirito Santo, which, as he claimed, will act differently from private betting platforms that do not generate resources for the Government.
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These resources will be invested in primary areas such as education and healthcare, while also generating dividends that will return to the state for public policy execution.
The operation will offer products through physical sales points and online platforms. Banestes also plans to negotiate with its network of banking correspondents to expand distribution and create new points of sale.
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