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:

I thank the Deputy. The proceeds of ticket sales are split between good causes, prizes and retailers, and 10% goes to the operator. The operator has operating expenses and must fund its balance sheet. The main item in that respect is the €405 million it paid to the State for the licence. How the entity funds its balance sheet is a matter for the board but in every way, it complies both with company law and-----

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