Results 4,161-4,180 of 10,862 for speaker:Matt Carthy
- 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 (8 Dec 2022) Matt Carthy: That includes interest rates and loan payments.
- 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 (8 Dec 2022) Matt Carthy: Okay, so when we say these are the percentages, these are the gross percentages coming down. There is nothing that has to be skimmed off the top for capital costs or anything else like that.
- 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 (8 Dec 2022) Matt Carthy: Therefore, they all come out that. What is the percentage of prizes that are unclaimed?
- 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 (8 Dec 2022) Matt Carthy: Thus, we could say it is between 3% and 5% on average.
- 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 (8 Dec 2022) Matt Carthy: Yes, but there have been years where is was over 5%.
- 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 (8 Dec 2022) Matt Carthy: Okay. If we go back to the €10, what proportion might the unclaimed prizes be? Would it be 10 cent or 50 cent?
- 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 (8 Dec 2022) Matt Carthy: Okay, it is 1.6%.
- 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 (8 Dec 2022) Matt Carthy: Okay, and sometimes it is a bit higher.
- 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 (8 Dec 2022) Matt Carthy: All right, but if we take the assertion of 90% going into the community at face value, it is actually a little less than 90% because 1.6% is money spent on advertising by the operator.
- 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 (8 Dec 2022) Matt Carthy: However, it also includes prizes that are not claimed and are subsequently expended on advertising.
- 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 (8 Dec 2022) Matt Carthy: Let me clarify, going back to the original point. Mr. Alego is saying approximately €5.60 out of €10 is allocated for prize money.
- 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 (8 Dec 2022) Matt Carthy: But that includes unclaimed prizes.
- 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 (8 Dec 2022) Matt Carthy: Therefore, to clarify my point, 1.6%-----
- 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 (8 Dec 2022) Matt Carthy: Sixteen cent does not go back into the community. Because that is unclaimed, it goes back into the lottery's account, so the amount that is available to the operator is not actually €1 but €1.16.
- 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 (8 Dec 2022) Matt Carthy: That is clear, but it also does not go back into the community, even by the very broad definition the lottery has ascribed as going back into the community because it does not go in actual prize money, it does not go to good causes and it does not go to retailers. It goes to a separate account. Even if we were to take Mr. Algeo's basis that all these things are money going back into the...
- 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 (8 Dec 2022) Matt Carthy: It is not.
- 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 (8 Dec 2022) Matt Carthy: The lottery's advertising does not say 90% of the money is allocated to go back into the community. It says 90% goes back into the community and then, after the wee asterisk at the bottom, it states briefly that it includes prizes blah, blah, blah, but it is actually not the case that the full 90% goes back even, as I said, to that because it does not go to prizes. It is actually unclaimed....
- 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 (8 Dec 2022) Matt Carthy: It is just a yes-no question. For absolute certainty, Mr. Algeo accepts that the 90% includes unclaimed prizes.
- 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 (8 Dec 2022) Matt Carthy: Including those that are subsequently unclaimed. It is just a yes-no question.
- 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 (8 Dec 2022) Matt Carthy: That is fine.