Mifal Hapayis recorded its best year in history in 2006, earning NIS 3.6 billion, the company said Monday. The earnings reflect 9% growth from 2005 and the largest intake the lottery has posted since its founding 55 years ago.
The lottery will keep NIS 795 million in profits and return NIS 3b. to the community. Out of the NIS 3b., Mifal Hapayis will invest NIS 800m. in community projects, primarily educational scholarships and the construction of educational infrastructure. The remainder will be given out in prize money. Last year, Mifal Hapayis created 61 new millionaires through the distribution of prize money.
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