Australian National Lottery could bet on Olympics

The plan is based on Great Britain’s model to bankroll the Australian Olympic team.

The National Sports Commission will present a request to gather further funds.

Australia.- The National Lottery could become one of the major investors in the Australian Olympic team, if the authorities approve the proposal presented by the Australian Sports Commission –ASC–.

The model was based on Great Britain’s plan to fund the Olympic team, which ended second on the medal tally in Rio 2016. The successful team obtained 70 percent of its funding from the national lottery.

Now Australia wants to reach further positions in the international sports competition with the help of the regional gaming industry, according to John Wylie, ASC chairman. “We at the ASC want to see an online national sports lottery introduced here, which we believe does not encourage irresponsible gambling,” he expressed, after admitting that with the current model the Australian team “fell short of expectations” during the last Olympics in Brazil.