UK National Lottery good causes revenue falls
The Gambling Commission has revealed that the total funds raised for good causes was down 7.6 per cent year-on-year in Q2.
UK.- In its latest update on National Lottery funding for good causes, the British Gambling Commission has reported that funds raised were down 7.6 per cent year on year to £418.4m in Q2 of the 2021-22 financial year. The number was also down 0.5 per cent against the previous quarter.
The funds, which are held in the National Lottery Distribution Fund, are raised from National Lottery sales plus any unclaimed prizes and interest. The Gambling Commission said funds were down due to a decrease in sales of instant win products like scratch cards and interactive win games as well as two unclaimed prizes.
The National Lottery tender
The National Lottery has raised over £43bn for good causes since its launch in November 1994. The Gambling Commission is currently reviewing applications for the next licence to run the National Lottery. The regulator has delayed its decision until February 2022, with the new, fourth licence now due to start in February 2024.
The Gambling Commission has confirmed that four companies are competing for the licence. They’re believed to be Sisal, Sazka’s Allwyn, Sugal & Damani and the incumbent operator Camelot.
