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:
“The secret of success lies never in the amount of money, but in the relation of income to outgo.”
—Ralph Waldo Emerson (1803–1882)
“Work though we must, our jobs do not automatically determine our priorities concerning our marriages, our children, our social life, or even our health. It’s still life, constrained as it may be by limited disposable income or leisure time, and we’re still responsible for making it something we enjoy or endure.”
—Melinda M. Marshall (20th century)
“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)