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The Lotteries (Prizes and Expenses: Variation and Prescription of Percentage Limits) Order 1997
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- UK Statutory Instruments
- 1997 No. 43
- Explanatory Note
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Explanatory Note
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This Order increases the percentages prescribed by section 11 of the Lotteries and Amusements Act 1976 as the maximum percentages of the proceeds of a society’s or local lottery which may be appropriated for the provision of prizes or expenses. It also limits the percentage which may be appropriated for prizes and expenses combined.
Article 2 increases to 55 per cent the percentage which may be appropriated for prizes. This was formerly set at 50 per cent.
Article 3 increases to 35 per cent the maximum percentage which may be appropriated for expenses, in the case of a lottery where the proceeds do not exceed £20,000. This was formerly limited to 30 per cent.
Article 4 increases to 35 per cent the maximum percentage which the Gaming Board may authorise to be appropriated for expenses, in the case of a lottery where the proceeds exceed £20,000. This was formerly limited to 30 per cent.
Article 5 limits to 80 per cent the maximum percentage of the proceeds which may be appropriated for prizes and expenses together. No such limit has been set previously.
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