Gambling Commission reiterates society lottery regulations

Gambling Commission reiterates society lottery regulations

Friday, September 8, 2017 Posted by Joseph Streeter
The UK Gambling Commission's new guidelines are aimed at helping Lotteries stick to the law

The UK Gambling Commission has launched a new society lottery check to help ensure licensed operators stay on the right side of the law.

The Commission has underlined in its regulations that for society lotteries a minimum of 20% of the proceeds must go to a good cause.

The maximum single prize that can be offered is £25,000, or 10% of the proceeds, whichever is greater.

The Commission also states that where the prize in your lottery is not cash it can be harder to determine the value and be sure that lotteries are keeping within the maximum prize limits.

Even if the prize has been donated, the value is still the market value of the item, not the amount the operator had to pay to obtain it.  

The report also outlines the importance of the need for operators to report to the Gambling Commission detailed information about their lottery. These submissions must be made for each lottery that is run.

In its guidance to operators, the Gambling Commission emphasised the importance of lotteries managing direct debit and standing order payments, stating that payments must be made before an entry can be included in a draw.

Totally Gaming says: The lottery vertical is fundamentally different to other gambling sectors, as draws must have ‘good cause element’. With the society lottery market becoming increasingly crowded, the Commission has reiterated its core guidelines to help ensure operators avoid any compliance mishaps.

 

Latest
No alternative text provided

Jackpot.com launches new instant-win scratchcards

No alternative text provided

New C-level appointments for Novomatic Lottery Solutions

Gambling Commission reiterates society lottery regulations

No alternative text provided

Irish National Lottery raises €5bn for good causes

Gaming Products & Services Directory

The essential directory for the gaming industry