Written answers

Wednesday, 27 March 2013

Department of Public Expenditure and Reform

National Lottery Issues

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

To ask the Minister for Public Expenditure and Reform the measures he will put in place to ensure an alignment of interests between good cause beneficiaries and the new operators within the new National Lottery licence framework. [15714/13]

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
Link to this: Individually | In context | Oireachtas source

Since 1986, the lottery licence has been managed by An Post National Lottery Company and has made a significant contribution to the State through making good cause contributions of approximately €4 billion. Importantly, the new licence is being designed to align interests between the new operator and the State with the objective of maximising contributions to be paid to good causes over the life of the next licence.

Therefore it is intended that good causes contributions under the new licence will be linked to a percentage of Gross Gaming Revenues (Sales less Prizes) over the period of the new licence. This will offer the new licensee greater flexibility and scope for the growth and development of lottery games and distribution channels. Growth in Good Cause Revenues will ensure contributions to Good Causes are maximised over the period of the new licence.

Our aim is to maximise the annual payment to Good Causes over the period of the new licence. This will be determined prior to the launch of the licence competition when a number of other matters in relation to the licence structure and licence competition have been determined. This development follows detailed engagement by our financial advisers Davy with the marketplace.

The Government’s aim in this process is to deliver a significant upfront payment while ensuring that the annual revenues for good causes are maximised.

Comments

No comments

Log in or join to post a public comment.