Friday, July 27, 2012

Lottery in UK

The National Lottery is the state-franchised national lottery in the United Kingdom and the Isle of Man. It is operated by Camelot Group, to whom the license was granted in 1994, 2001, and again in 2007. The lottery is regulated by the National Lottery Commission, and was established by the prime minister John Major in 1994.
The National Lottery can be played in person or online. To play online, players need to sign up for either direct debit or fund a loaded account that can be used to purchase tickets. The National Lottery also regulates all online gaming in the UK.12% of the revenue from the National Lottery is expected to go to the government, 5% goes to lottery retailers, 4% is retained by Camelot Group for operating costs, and the remainder (over 50%) is expected to be paid to players in the form of winnings.The National Lottery holds the balance of unclaimed prizes for a period of 180 days before it is released to charitable organizations that benefit from the lottery. This is approximately 2% of all lottery sales in the UK.

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