Lottery tickets
may not be sold to persons under 16 years of age and all
tickets must be paid for before they are entered into the
draw.
A society must
register with the Gaming Board if the total value of tickets
to be put on sale in any lottery is to exceed £20,000, or if
the value of tickets to be put on sale in any lottery, added
to the value of those already sold during the same calendar
year, is to exceed £250,000.
The price for a
ticket for a Society's lottery or a local authority lottery
must not exceed £2, and there is a limit on proceeds of £2
million for single lottery or £10 million for all lotteries
in calendar year.
The limit on
prizes is £25,000 for a single prize, or 10% of the proceeds
whichever is higher. Not more than 55% of proceeds may be
used for prizes. With regard to expenses limits, up to 35%
of proceeds may be used for expenses (Gaming Board
authorisation may be required in some circumstances). The
combined prizes and expenses limit is, therefore, 80% of the
lottery's proceeds, preserving 20% of the lottery's proceeds
for the good cause.
