Oireachtas Joint and Select Committees
Thursday, 8 December 2022
Public Accounts Committee
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 19 - Exchequer receipts from National Lottery ticket sales
9:30 am
Mr. Andrew Algeo:
The licence is very clear that once money has been allocated by the regulator to the prize account and remains unclaimed for a period of time, which is over three months in the case of most games, it then ceases to be prize money and becomes promotional money.
I think the Deputy's question is focused on effectively whether the figure for prizes Mr. Algeo is counting is for expected prizes or actual prizes. That might be the nub of it. In the 90% is Mr. Algeo counting expected prizes before unclaimed prizes are paid out or actual prizes after the unpaid prizes have been removed?
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