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Camelot has announced its results for the year ending March 2007 which show that revenue to good causes generated from the National Lottery has passed £20 billion. Meanwhile £8.5 billion has been generated in Lottery duty for the Treasury.
Good causes were not the only organisations to benefit form the National Lottery in the past year. This year also saw the National Lottery reach a landmark 2,000 millionaires created since its launch in 1994. Fifty per cent of revenue is returned in prizes to lottery players.
The Government also deducts a higher proportion of lottery duty than any other lottery operator in the world. At a rate of 12% or 12p in every ticket bought, this means over £8.5 billion has been generated by lottery players for the Treasury.
NICVA has continually called for this lottery duty to be abolished and the money distributed between existing good causes. Add this to the further £2.2 billion being raised from the National Lottery for the 2012 London Olympics and the good causes of arts, heritage, charities, sport, health, environment and education projects would be almost £11 billion better off.
Of the £2.2 billion which National Lottery funding will contribute towards the cost of the London Games, £750 million will come from a series of designated lottery games, The total raised for London 2012 from all designated lottery games up to the end of March 2007 was £113.2 million, more than 10% ahead of target. The Olympic Lottery Distributor recently announced that cumulative income received from the sales of National Lottery games designated to support the London 2012 Olympic Games and Paralympic Games has to date exceeded £150m of the £750m target, again ahead of schedule. This bodes well for current lottery distributors who may be raided again if there is a shortfall in funds raised through dedicated Olympic lottery games.
T his year the UK National Lottery consolidated its position in the global ranking of lotteries by sales; rising from fifth to fourth place in the internationally-recognised La Fleur’s 2007 World Lottery Almanac. Camelot is bidding with India's biggest lottery operator, Sugal & Damani for who will run the lottery for 10 years from 2009. Camelot can receive up to 0.5 pence per ticket as an operating profit for running the National Lottery.
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Northern Ireland Council for Voluntary Action is registered as a company limited by guarantee in Northern Ireland (No 1792) and is registered as a charity for tax purposes with the Inland Revenue