Fi We Boledo’s First Year Generates Over $16.7M in Net Earnings

In a significant financial milestone, Belize’s national lottery system, Fi We Boledo, has reported impressive earnings in its first year of operation. Prime Minister John Briceño announced during a recent House Meeting that the rebranded lottery generated $123.2 million in sales from April 2024 to March 2025, with $105 million returned to the public as winnings. After accounting for expenses, the government recorded a net profit of $16.7 million. Briceño highlighted that this achievement marks a turning point after the lottery system was previously managed by a ‘UDP crony’ for over a decade, depriving the nation of substantial revenue. The Prime Minister also projected that net earnings could exceed $20 million in the second year, further bolstering public funds. Additionally, the Belize Lottery Limited (BGLL) has contributed $22 million to the National Health Insurance programme, supporting the expansion of healthcare services across the country. This financial success underscores the government’s commitment to reclaiming and optimizing national assets for public benefit.