2012 Olympics come to London
In message , James Farrar
writes
My understanding is that there'll be a special Olympic Lottery.
There will be additional lottery games. It is predicted that these will
divert income from the main lottery - i.e. many people will choose to
enter for an Olympic game rather than their regular one. The Department
for Culture, Media and Sport say ...
Camelot's estimates, as reviewed by the National Lottery Commission, are
that around 60% of the monies raised from the Olympic Lottery games
might come from sales diversions from existing games. This could lead to
an overall reduction in income to the existing good causes of just over
5% over the seven-year period of the games.
They also indicate that "a further £340 million would come from
expenditure by the established Lottery sport distributors" (mostly Sport
England) - i.e instead of spending money on sport at a local level, the
distributors will be directed to spend their money on the Olympics.
Furthermore, the department darkly mutters that yet more money may have
to be raised by reducing the total percentage of lottery income passed
to "good causes" - this percentage can be changed after 2009, it
appears.
--
Paul Terry
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