Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Big Improvement in NZLC's Results for 2003/2004

Gambling Statistics Highlight Big Improvement in NZLC's Results for 2003/2004

New Zealand gambling statistics for the 2003/2004 year, released today, highlight the big improvement in New Zealand Lotteries Commission's (NZLC) performance over the past 12 months, Chief Executive Trevor Hall said today.

"Over the past year the organisation had achieved a significant turnaround in its performance," he said.

"The increase returns spending on lottery products to levels reached between 1996 and 1999 and reverses a four-year downward trend.

"An extremely strong first six months, driven by several Powerball jackpots, and a solid performance in the third and fourth quarters, meant NZLC had sales and profit results well above those of the previous financial year, although the number of very large Powerball jackpots was statistically abnormal and cannot be expected to occur every year.

"Sales for the year were 16.4% above the last financial year at $628.8 million.* Strong sales coupled with low operating expenses resulted in NZLC making a profit of $133.45 million, 24% ahead of last year.

"Achieving a strong financial result allowed NZLC to give more money back to New Zealand communities," said Mr Hall.

"We were delighted to transfer $118.45 million to the Lottery Grants Board to fund arts, sporting and community projects throughout New Zealand, $10.65 million more than in the previous year," he said.

NZLC's increase over the past 12 months was significant, but it still only accounts for 14% of overall spending/losses in the gaming sector compared with gaming machines in pubs and clubs which account for 51%, casinos at 24%, and racing and betting at 11%.

"The Gambling Act 2003 states that the functions of the Lotteries Commission are to maximise profits, subject to ensuring that the risks of problem gambling and underage gambling are minimised."

Mr Hall says NZLC's products are not a significant contributor to problem gambling.

"In essence, our games involve a small amount of money being outlaid by a large number of people in return for a chance of winning very big sums of money or other prizes.

"The minor impact our games have in this area is reflected in problem gambling figures for the 2003 year (the latest available statistics). At most 0.55%, or 23, of the 4,182 gamblers who received initial counselling cited NZLC products as their primary mode of gambling," he said.

* (The $282m figure used by DIA equals all NZLC sales, including gst, less prize payments).

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Elusive Charms Of Christopher Luxon

Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>


Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>

Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>

Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>

CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>

National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>




InfoPages News Channels