The best students of the graduate classes of every secondary school in Latvia will receive a cash reward from the operator of the lottery of the State Joint Stock Company “Latvijas loto”. Latvia’s lottery will be granting each graduate with € 500.
Each graduate of the high school, noted by scientific, sporting, artistic, public achievements, will get € 500. In total, more than 300 students will be rewarded.
The prize, initiated by the Ministry of Finance of Latvia, is timed to coincide with the centenary of the independence of the Republic of Latvia. The project will be implemented under the name “Lottery of the Century”. Together with the Ministry of Education and Science, the operator plans to issue similar bonuses at the end of the next academic year.
According to the Latvian media, in general, the State Unitary Enterprise “Latvijas loto” will allocate about € 5 million for the “Lottery of the Century”. In addition to the award to prospective graduates, the operator will issue about 1 million lottery tickets worth € 5. The largest cash prizes of € 100 thousand will be fixed for 4 tickets. The operator will send about € 400 thousand to the program of support of the best graduates.
In general, the popularity of gambling and lotteries in Latvia in the first quarter increased – the revenues of operators increased by 9.8%.