Proceeds and profits
Section 254 of the Act (opens in a new tab) clarifies what is meant by ‘proceeds’ and ‘profits’ of a lottery.
‘Proceeds’ are the total amount paid for tickets before any deductions.
‘Profits’ are the amount of proceeds less any deductions for prizes, rollovers, and reasonable expenses incurred in connection with running the lottery.Previous page
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Misusing profits of lotteries
Last updated: 22 June 2023
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