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)
“The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.”
—Rutherford Birchard Hayes (1822–1893)
“Strictly speaking, every citizen above a certain level of income is guilty of some offense.”
—Max Frisch (1911–1991)