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Tag: Camelot

Falling UK Lottery Sales

Falling UK Lottery Sales are causing concern

Falling UK Lottery SalesFalling UK lottery sales have been causing concern as Britain’s gambling habits change and Camelot are in the spotlight as ticket sales plummet.

Camelot have run the UK National Lottery since it was founded during 1994. Since then it has raised £37 billion pounds for charities, projects and of course the British Olympic team. Could the recent fall in ticket sales signal change in the future.

Camelot announced during June that ticket sales had reduced by 8.8% to £6.9 billion up until year ending 31st March 2017. The amount of money being raised for good causes also fell by 14.4% to £1.6 billion.

Ask your self why the National Lottery was so successful in the first place? For the first time millions of people had the chance to secure a life-changing win for the price of a pint. Indeed there have been many lucky winners over the years. Many millions have purchased lottery tickets with the hope of fulfilling a dream.

Despite the success of the lottery, many see it as a way of collecting taxes from some of the poorest people in the country. Undeniably though, the politicians have always been able to argue that the benefits to good causes outweigh the disadvantages.

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Camelot Penalty

Camelot penalty is a £3 million fine for paying out fraudulently on a spoiled ticket. The mistake was made 6 years ago and only came to light this year.

Camelot Penalty levied by UK Gambling Commission

Camelot PenaltyAgain, Camelot who run the UK National Lottery has again been fined by the UK Gambling Commission. The fine is for paying out £2.5 million pounds on a spoiled lottery ticket during 2009. It seems a bit harsh but big responsibility comes with running a national lottery.

Camelot has been fined twice before by the UK regulator. This time their fine was £3 million pounds for paying out when they should not have done so. The fraud was investigated by Hertfordshire Police who worked alongside the Gambling Commission.

The fine may seem hefty but it was determined so that good causes will not lose out due to Camelot’s loss.

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