Part IV POOL BETTING

59 Pool promoters’ dividends.

1

Paragraph 14 of Schedule 2 to the M1Betting, Gaming and Lotteries Act 1963 (provision which may be made in rules applicable to competitions promoted by registered pool promoters) shall be amended as follows.

2

In sub-paragraph (c) (provision for rounding winnings up or down by a specified sum) for “sixpence”, in both places, there shall be substituted “ 20 pence ”.

3

For “sub-paragraph (c) of this paragraph” there shall be substituted “ paragraph (c) of this sub-paragraph ”.

4

The provisions of paragraph 14 as amended by section 58(4) and subsections (2) and (3) shall become sub-paragraph (1) of that paragraph and the following sub-paragraph shall be added at the end—

2

The Secretary of State may by order made by statutory instrument vary the sum for the time being specified in sub-paragraph (1)(c) of this paragraph; and an instrument containing such an order shall be subject to annulment in pursuance of a resolution of either House of Parliament.