Trinidad: $2 billion paid out to gamblers*

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Trinidad: $2 billion paid out to gamblers*

(TRINIDAD EXPRESS) – In hard times, people apparently turn to gambling.

At a time of economic difficulty, the National Lotteries Control Board (NLCB) has recorded the highest level of sales and profitability in its history.

In fiscal year 2016/2017, the State company recorded $2.96 billion in revenue. It paid out 70 per cent of this revenue intake ($2 billion) in prizes while it remitted $306 million to the Treasury.

“It is the highest remittance in the history of the NLCB,” NLCB chairman Mar­vin Johncilla told the Joint Select Committee in Par­­liament yesterday, at Tower D, International Waterfront Centre, Port of Spain.

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