News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search


Another Record Year For NZ Lotteries

Nz-Lotteries-Commission - Another Record Year For Lotteries

The New Zealand Lotteries Commission expects to have some good news for sport at all levels, the arts, and community groups throughout New Zealand in a couple of weeks, when it releases its annual report to Parliament.

The Commission says its annual accounts are looking like a record year for sales, net profit, and for payments to the New Zealand Lottery Grants Board, which channels the profits from Lotto to the community.

Sales will be over the budgeted $640 million, and the final amount for the Lottery Grants Board will be "very handily" more than the budgeted $135 million for the year, according to Commission chief executive David Bale.

"In percentage terms there hasn't been any significant movement in sales because this has been another tough year for all involved in retailing," Mr Bale said.

"However we are well aware of the high demand for lottery grants funding, especially as the country prepares for the millennium and the Sydney 2000 Olympics.

"Therefore the Commission is particularly pleased to have once again upped the amount available for the Lottery Grants Board. This is the sixth year in a row for growth in revenue and profit".

The Lotteries Commission currently raises over $2.6 million a week for the Lottery Grants Board, totalling $1.34 billion since Lotto's first draw 12 years ago on 1 August 1987.

In addition to the community funding, the Commission has paid over $670 million in tax.

However it is the weekly entertainment provided by Lotto and the Commission's other games, together with the dream of winning, that has brought the money in.

Dreams have come true for many. Over $3.6 billion has been paid in prizes over the last 12 years.

On average, three or four people share Lotto's top prize every week, bringing the total number of big winners to 2,395. Between them, they have shared just over $1 billion.

Lotto has created 143 overnight millionaires, and Lotto Strike has catapulted another 7 people into the rich list.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>


Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi: "fa’afetai Tusiata, fa’afetai, / you’ve swerved & served us a masterclass corpus / through graft / of tears & fears..." More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>


New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news