As you might know the Government is consulting on changes to the amount of money society lotteries can raise for good causes.
Whilst we were encouraged by the broad thrust of the Government’s plans, we would like them to go a little further in order to enable charities to raise money over the longer term.
As such, we are calling on the Government to:
• Increase the Annual Sales Limit to £100 million worth of tickets. This will help reduce administration costs and allow more funds to go to charities that society lotteries support.
• Increase the maximum prize limit to £1 million, regardless of sales. This will still be well below the prizes offered by the National Lottery, but will allow society lotteries the flexibility to use higher prizes if desired, in order to increase sales and therefore raise more money for good causes.
• Increase the per Draw Sales Limit to £10 million worth of tickets, regardless of the maximum prize limit. This will safeguard society lotteries for the long term and help them avoid unnecessary costs.
• Reduce the regulatory burden on small society lotteries (currently defined as having proceeds of less than £20,000 per draw and £250,000 per year) by raising the sales thresholds to £40,000 per draw and £500,000 per year.
• Allow new lotteries to aggregate their returns to good causes over a three year period to enable them to meet the statutory 20% to good causes but take into account sizeable start-up costs.
Our response to the consultation including arguments for each of these calls can be found here