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UK Lottery - Where the money goes!

Topic closed. 3 replies. Last post 8 years ago by myturn.

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Bondi Junction
Australia
Member #57242
December 24, 2007
1102 Posts
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Posted: June 3, 2009, 6:32 am - IP Logged

The UK National Lottery has generated over £22 billion for the Good Causes, and counting.

As has always been the case, the total amount which goes to the Good Causes depends on the mix of sales across different games and sales channels, the level of unclaimed prizes - and the amount raised in investment income from National Lottery balances waiting to be allocated.

In the period up to March 2010, around 28% of total National Lottery revenue is expected to go to the Good Causes.

During the new licence, over 50% of total National Lottery revenue is expected to be paid to winners in prizes, while 12% of total revenue is expected to be paid to the Government in Lottery Duty. National Lottery retailers will earn 5% in sales commission for each Draw-Based Game - and 6% commission on each Scratchcard (retailers earn on average £8,531 per annum in lottery commission). Operating costs will be around 4% of total revenue.

 

In the period up to March 2010, around 28% of total National Lottery revenue is expected to go to the Good Causes.


In the last year this was distributed as follows:

Health, Education, Environment, and charitable causes 50%
Sports 16.67%
Arts 16.67%
Heritage 16.67%

    Raven62's avatar - binary
    New Jersey
    United States
    Member #17843
    June 28, 2005
    51110 Posts
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    Posted: June 3, 2009, 8:09 am - IP Logged

    How many Millionaires were created during this Time Period?

    A mind once stretched by a new idea never returns to its original dimensions!

      Raven62's avatar - binary
      New Jersey
      United States
      Member #17843
      June 28, 2005
      51110 Posts
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      Posted: June 3, 2009, 10:06 am - IP Logged

      Why do People Play the Lottery? To Win Money: NOT Fund Good Causes!

      The main reasons are availability, no skill is required to play, players have little or no fear of corruption, and gamblers can wager small amounts. People play despite the low payout compared to other forms of gambling. However, playing the lottery is a cheap way to have an opportunity of winning big dollars and becoming a celebrity.

      A mind once stretched by a new idea never returns to its original dimensions!

        Bondi Junction
        Australia
        Member #57242
        December 24, 2007
        1102 Posts
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        Posted: June 4, 2009, 12:06 am - IP Logged

        The UK National Lottery has created 2,200 millionaires as of July 2008. Over £33Bn ($48.6Bn USD) paid out in prizes since the first draw on November 14th, 1994.