Income
The income of all the Lottery distributors comes from the sale of National Lottery tickets. Of every £1 spent on a Lottery ticket 28 pence goes to the "good causes". The current operator of the National Lottery is Camelot.
BIG is the largest of the Lottery distributors, with an income of about £600 million a year. From April 2012 BIG will be responsible for distributing 40 per cent of funds raised for "good causes" (just over 10 pence of every £1 spent on a Lottery ticket).
Read more about this topic: Big Lottery Fund
Famous quotes containing the word income:
“Strictly speaking, every citizen above a certain level of income is guilty of some offense.”
—Max Frisch (1911–1991)
“I know everybody’s income and what everybody earns,
And I carefully compare it with the income-tax returns;”
—Sir William Schwenck Gilbert (1836–1911)
“Some rough political choices lie ahead. Should affirmative action be retained? Should preference be given to people on the basis of income rather than race? Should the system be—and can it be—scrapped altogether?”
—David K. Shipler (b. 1942)