Our financial forecast
Our budget for 2024 to 2025 will support the successful delivery of year 1 of our 3 year strategy.
Our financial management arrangements reflect the principles set out within Managing Public Money and to ensure that we comply with accounting standards as set out in HM Treasury’s Financial Reporting Manual (FReM) and our Management Agreement with the Department of Culture Media and Sport (DCMS).
For Gambling regulation, we are budgeting to receive a total income of £27.5m of which £26.8m is fees charged to gambling operators. The total expenditure is budgeted at £31.6m. This is in excess of our income, and as such we will be utilising £4.1m from our Reserves.
For the National Lottery, we are budgeting to receive a £35m Grant in Aid and the budgeted expenditure is £35m.
Budget
| Income type and expenditure | Gambling regulation (£m) | The National Lottery (£m) | Commission total (£m) |
|---|---|---|---|
| Fee income | 26.8 | 0 | 26.8 |
| Grant in Aid income from DCMS | 0 | 35 | 35 |
| Total income | 27.5 | 35 | 62.5 |
| Operating expenditure | 31.6 | 35 | 66.6 |
| Drawdown from Reserves | 4.1 | 0 | 4.1 |
Fee income
Annual fee income by sector percentage
| Sector | Amount (percentage) |
|---|---|
| Betting | 33% |
| Casino | 29% |
| Software | 18% |
| Bingo | 4% |
| Lottery | 6% |
| Machines | 5% |
| Arcades | 5% |
Annual fee income by remote and non-remote split percentage
| Income split | Amount (percentage) |
|---|---|
| Remote | 29% |
| Non-remote | 71% |
Corporate enablers
Last updated: 15 April 2024
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