New government new lottery
Last Updated: Wednesday 19th May 2010, 00:52 am
Remember just a few weeks ago when all the political parties were vying for votes in the General Election? There were all sorts of promises being thrown about, many of which have not been addressed yet but one thing we do remember about the campaigning was how each party was going to deal with Lotto funding for good causes.
Now we’re not sure what, if anything needs to change where lottery funding for good causes is concerned, but many of the political parties did seem a little concerned. There were many changes put forward about how UK Lotto money can be spent around the UK but as yet, nothing has been implemented.
It’s still early days and David Cameron is surely still finding his way around the office but we will be watching with interest news about any changes to lottery funding. We care where our lottery cash for good causes go and you should too. For every £1 you spend on lottery tickets in the UK, a whole 28p goes to the good causes fund.
That 28p is split into several sections and goes to help different causes around the UK. That’s 16.67% for Sports, 16.67% for Arts and 16.67 for Heritage. It’s not known whether this balance will change but you also must take into consideration the tax on lottery tickets, an amount which is also paid to the government and may now be spent differently.
We’ll be watching and waiting to see if any changes are made and you can guarantee if there is any big news on the subject then we’ll be bringing it here to you on these pages!
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