How Do Lottery Winners Spend Their Money?

Winning the lottery is a dream for many but one which typically stays in the realm of unreality, save for the one in 14 million players who holds a lucky winning ticket. For organisations within the National Lottery’s Five Good Causes sectors though, being on the receiving end of the National Lottery’s benevolence holds significantly better odds. The Five Good Causes sectors are arts, charities, heritage, Millennium projects and sports. The National Lottery, which launched in 1994, also added a further three Good Causes to the list in 1998: health, education and environment. Altogether, the eight sectors have benefited from over £22billion since the initiative was established in the early nineties. Such impressive figures come directly from the lottery players themselves, with 70 per cent of all adults playing the lottery regularly, raising in excess of £25million each week for Good Causes. With such significant profits, you might consider where Lottery cash is spent and who benefits from the multi-billion pound revenue generated every year by Camelot, the National Lottery operator. mega88 In fact, the National Lottery in the UK returns as much as they receive from the public to public-interest Good Causes, with a higher proportion of Lottery revenue spent on society than any other Lottery-playing nation, worldwide. In total, 317,000 grants, over half of which have been for under £5,000 each, have been awarded to Good Causes across the eight benefiting sectors since 1994. Good causes in receipt of Lottery funding include the 2012 London Olympic and Paralympic Games, which will receive £2.2billion. National Lottery Good Causes funding is actively distributed by numerous stakeholders and individual councils for initiatives across all eight sectors throughout the UK and Northern Ireland. These include Arts Council England, Heritage Lottery Fund, UK Film Council, Scottish Screen and UK Sport. Once Lottery funding reaches the communities it aims to benefit, you could discover that Good Causes grants support anything from coaching masterclasses and group sessions, to press campaigns, to promoting sporting talent across the UK. Good causes grants also fund venues across the UK from financing refurbishments to providing grants to enable new artistic collections to be bought or commissioned.

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