MANILA, Philippines ? More than P130 million will be at stake on Monday night for the launching of the Grand Lotto, the newest on-line game of the Philippine Charity Sweepstakes Office, its official said on Sunday.
Dr. Larry Cedro, the PCSO spokesman, said the jackpot prize of the Grand Lotto's initial draw was first estimated at P30 million, but was immediately increased by P106,674,714 after no one won the last and final pot of the Power Lotto on Saturday evening.
He said no law was violated for the transfer of the accumulated grand prize of the abolished Power Lotto.
``There's no prohibition and it's still under the PCSO jurisdiction that the Power Lotto prize be added to the Grand Lotto prize,'' Cedro said.
Since the Power Lotto was launched in June 2008, the spokesman said no one was able to correctly guess the winning combination of the grand prize.
Cedro said the Grand Lotto will also have three draws on Mondays, Wednesdays and Saturdays at 9 p.m.
Like the existing 6/42, 6/45 and 6/49 lotto games, Cedro said the 6/55 Grand Lotto will be using a single panel system, which means a bettor only has to choose six numbers in any order for a combination but this time, he has a bigger range of numbers to choose from ? from 1 to 55.
He said each bet in Grand Lotto will cost P20 too. The placing of bets for the Grand Lotto?s first draw started on Sunday.
The new online game is expected to raise P2 billion for the government.
Cedro said the PCSO decided to replace the Power Lotto to entice more bettors as it has less patronage because of its complexity and the two-panel system.
He said bettors never got the hang of the two-panel system for the Power Lotto, which involved a panel of five chosen numbers and another with just one number from 0 to 9.
"It is still easier for the bettors to understand the single panel system," the PCSO spokesperson said.
At present, the PCSO's most popular game is the 6/49 Super Lotto which registered the biggest jackpot in history at a whopping P347 million in February 2009.
The second biggest Super Lotto jackpot in history was won by a 61-year-old construction worker from Novaliches, Quezon City who took the P249 million prize in April 2008.