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27/04/2012
Lottery 'Good Cause Fund' at Lowest For Five Years
Falling National Lottery ticket sales as lead to the lowest amount of money being allocated to good causes.
Last year €232m was raised for good cause, which is the lowest amount for five years.
According to its annual report, which will be published today, the company generated sales of €761 million from lottery tickets and scratch cards in 2011, a decline of 1.4 per cent on the previous year
However, it said this was achieved in a “very challenging” economic environment where the average retail spend fell by 5 per cent.
Minister for Public Expenditure and Reform Brendan Howlin is finalising the terms of a new 20-year licence to run the business, which will be the subject of a bidding process later this year.
In 2011, projects supported by the lottery received €231.9 million of the €761.4 million generated by the business, representing 30.5 per cent of the total.
While Mr Howlin has pledged to maintain this level of allocation as a condition of the new licence, 30.5 per cent still represents a substantially smaller share of the pot than at any time in the previous eight years. The ‘good cause fund’ generated by lottery sales is distributed by the Government to a range of charities, sports organisations and community groups.
(H)
Last year €232m was raised for good cause, which is the lowest amount for five years.
According to its annual report, which will be published today, the company generated sales of €761 million from lottery tickets and scratch cards in 2011, a decline of 1.4 per cent on the previous year
However, it said this was achieved in a “very challenging” economic environment where the average retail spend fell by 5 per cent.
Minister for Public Expenditure and Reform Brendan Howlin is finalising the terms of a new 20-year licence to run the business, which will be the subject of a bidding process later this year.
In 2011, projects supported by the lottery received €231.9 million of the €761.4 million generated by the business, representing 30.5 per cent of the total.
While Mr Howlin has pledged to maintain this level of allocation as a condition of the new licence, 30.5 per cent still represents a substantially smaller share of the pot than at any time in the previous eight years. The ‘good cause fund’ generated by lottery sales is distributed by the Government to a range of charities, sports organisations and community groups.
(H)
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