Lottery: Good causes 'losing out' to corporate profits

Lottery: Good causes 'losing out' to corporate profits
 

National Lottery funding for good causes is under threat while profits for its operator grow, a parliamentary committee has said.
The Commons Public Accounts Committee (PAC) said Camelot had made profits "well in excess" of what was expected by its original licence.
Returns for good causes were only 2% higher in 2016-17 than in 2009-10, while Camelot's profits rose by 122%.
A Camelot spokesman said it was working to "maximise returns to good causes."
Camelot's profits have increased to 1% of sales after tax, rather than the 0.6% anticipated by the Gambling Commission... read more

 
5 April 2018 in Regional, Views: 54
Source: BBC
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