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 National Lottery (United Kingdom)

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tranthuongbn



Posts : 51
Join date : 2010-12-22

PostSubject: National Lottery (United Kingdom)   Fri Dec 31, 2010 9:33 am

The National Lottery is the largest lottery in the United Kingdom. It is operated by Camelot Group, to whom the licence was granted in 1994, 2001 and again in 2007. The lottery is regulated by The National Lottery Commission. The National Lottery undertook a major rebranding programme in 2002 designed to combat falling sales. This resulted in the main game being renamed Lotto. However, the games as a collective are still known as The National Lottery. It is one of the most popular forms of gambling in the United Kingdom.
All prizes are paid as a lump sum and are tax-free. Of every pound (£) spent on Lottery games, 50 pence (p) goes to the prize fund, 28p to 'good causes' as set out by Parliament (though some of this is considered by some to be a stealth tax[1] levied to support the Big Lottery Fund, a fund constituted to support public spending[2]), 12p to the British Government as duty and 5p to retailers as commission, while Camelot receives 4.5p to cover operating costs and 0.5p profit.[3] The National Lottery returns a higher percentage of revenue back to society than any other Lottery.[4] Players must be at least 16 years of age to participate in the lottery, either in the drawn lottery games or by purchase of lottery scratch cards.

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