The Lotteries (Prizes and Expenses: Variation and Prescription of Percentage Limits) Order 1997

• Citation: S.I. 1997/43
• Sections: 5

Section 1

This Order may be cited as the Lotteries (Prizes and Expenses: Variation and Prescription of Percentage Limits) Order 1997 and shall come into force on 10th February 1997.

Section 2

The percentage specified in section 11(11) of the Lotteries and Amusements Act 1976 (which is the maximum percentage of the proceeds of a society’s lottery or a local lottery that may be appropriated for the provision of prizes) shall, instead of 50 per cent, be 55 per cent.

Section 3

The percentage specified in section 11(13)(a) of the Lotteries and Amusements Act 1976 (which is the maximum percentage of the proceeds of a society’s lottery or a local lottery that, in the case of a lottery the proceeds of which do not exceed £20,000, may be appropriated on account of expenses) shall, instead of 30 per cent, be 35 per cent.

Section 4

The second percentage specified in section 11(13)(b) of the Lotteries and Amusements Act 1976 (which is the maximum percentage of the proceeds of a society’s lottery or a local lottery that the Gaming Board may allow, in the case of a lottery the proceeds of which exceed £20,000, to be appropriated on account of expenses) shall, instead of 30 per cent, be 35 per cent.

Section 5

The percentage prescribed for the purposes of section 11(16) of the Lotteries and Amusements Act 1976 (which is the percentage of the proceeds of a society’s lottery or a local lottery that may be appropriated on account of expenses and prizes together), shall be 80 per cent of the whole proceeds of the lottery.