If You Play The Lottery

paulhgc

give charities more of your pound as the uks newest lottery launches on the 8th of may 2006

http://www.playmonday.com/

Amba_Gambla

.....I was looking into this, and they give charities 30p in every pound as opposed to the National Lottery's 28p in every pound.....

hardly a huge difference is it.....

paulhgc

http://news.bbc.co.uk/1/hi/uk/4924060.stm

Amba_Gambla

thanks.... knew I'd read it somewhere.....

Tim_L

Or alternatively why not just gift aid the money direct? It's not rocket science: 30p per pound for this new lottery, 28p for the national lottery, 120p at least for a gift aided pound and you get to choose the "good cause" for yourself.

This sort of lottery is a dreadful way of giving to charity, and it's an atrocious way to gamble - the odds against any win (even a tenner) are about the worst available for any form of gaming. If you want to make money from the gaming industry, join us on the gambling board and we'll show you how to make £500-1000 risk free, but please, avoid this sort lottery.

ianandjody

I work for a charity that will be a beneficiary to this new lottery and yes i agree that the 2p hardly sounds fantastic however....

On the new lottery every week 5 charitys will be availabel to benefit, if you only want to spend a pound you can select which charity you want to benefit, you can only win 200k. If you choose to play all 5, then yes all 5 benefit, and you may win 1m.

However where it is really different is that within (IIRC) 4 weeks the charitys recieve the money, where as the camelot, etc... goverment control the grants and who benefits form the camelot funding, you have to apply jump through hoops and unless you are supporting the current trendy needy you are unlikely to recieve the cash!

Bearing in mind that the nat lot, gives 28p in the pound to charity, however how much of this reaches the charitys, Think of the splits between, heritage and arts, the millenium dome, UK sport (olympics) etc....

Every charity within the UK was given the chance to sign up for this 2 years ago, however at the initial concept few did, thus the selections available now, the first 80 charitys are guarenteed up to 3 draws per year for the next 2 years.

The number of draws you have is dependant on the income of the charity, as regulation states that no charity may get more than their income in lottery money or something like that?! sorry nearly 5 and my charity commision knowledge has gone to the pub)

We have been allocated 2 draws this year, which if all works as should we COULD recieve slightly over 600K, now i can tell you in the 27 years we have been operating we have never had the opportunity to fundraise that amount in one hit! and is cetainly more than we have ever been promised and never recieved after months of applying and meeting from the national lottery.

Just my 2pence worth

paulhgc

the site has now been updated

https://www.playmonday.com/CF/index.do

BrianGrant

Out of the 30p that supposedly goes to the charity, they (the charities) have to contribute to the launch marketing costs for the Monday lottery, plus a whole load of external costs. This info is on the Chariot website under "news room" at http://chariot.org.uk/news/faqs.html#q3

I use this site a lot but I've never posted before, but I feel a bit queasy about private companies making money out of raising money for charity - without having been invited by the charity. The national lottery is different because the government set it up for all kinds of "good causes" including charities and companies bid for that government contract.

paulhgc

BrianGrant wrote:

Out of the 30p that supposedly goes to the charity, they (the charities) have to contribute to the launch marketing costs for the Monday lottery, plus a whole load of external costs. This info is on the Chariot website under "news room" at http://chariot.org.uk/news/faqs.html#q3

I use this site a lot but I've never posted before, but I feel a bit queasy about private companies making money out of raising money for charity - without having been invited by the charity. The national lottery is different because the government set it up for all kinds of "good causes" including charities and companies bid for that government contract.

What percentage goes to charity
30% gross. We provide 30p in the pound directly to registered charities. As part of their commitment to the project, the charities have agreed to support the marketing cost of launching the lottery. Support will be to the tune of 5% of the charities’ income and is for the first year only. Separately, the charities will pay a fee to the Gambling Commission and the External Lottery Manager for licensing and operating the lotteries. A further 55% will be returned in prizes to players. 15p will be used to cover costs, develop new products, fund additional prizes and provide a return to shareholders.

paulhgc

paulhgc wrote:

What percentage goes to charity
30% gross. We provide 30p in the pound directly to registered charities. As part of their commitment to the project, the charities have agreed to support the marketing cost of launching the lottery. Support will be to the tune of 5% of the charities’ income and is for the first year only. Separately, the charities will pay a fee to the Gambling Commission and the External Lottery Manager for licensing and operating the lotteries. A further 55% will be returned in prizes to players. 15p will be used to cover costs, develop new products, fund additional prizes and provide a return to shareholders.

How does this compare with existing lotteries?

This is not only about increased contribution per ticket, the point is that contributions go directly to the charities chosen by the player.

Camelot sets aside 28p per ticket to provide to Good Causes. This includes 16.6% to heritage, 16.6% to sport and 16.6% to the arts. Some of these may include registered charities. The remaining 50% is further allocated to Health, Education, Environment, Community and Charities as a defined group.

In contrast, we provide 30p in the pound directly to registered charities. As part of their commitment to the project, the charities have agreed to support the marketing cost of launching the lottery. Support will be to the tune of 5% of the charities’ income and is for the first year only. Separately, the charities will pay a fee to the Gambling Commission and the External Lottery Manager for licensing and operating the lotteries.

Society lottery legislation states that a minimum of 20p in the pound is retained by each charity. We believe that most society lotteries only provide 20p in each pound, so, we are providing 50% more than the legislated amount.

Tim_L

Or, as an alternative, give 120% of your donation via gift aid instead of lining the pocket of any lottery operator and private shareholders. Bearing in mind the charities are being asked to pay tax and other costs from their slice of the pie, they will receive much less than the 30% quoted.

Gift aiding therefore provides over 4x the donation for the same cost. If you want to be savvy about this, get the list of charities on the books of the lottery and donate direct. If you REALLY want to be savvy about combining gambling and giving, come over to the gambling board where we'll show you how to generate £500 or so in free profit without risk, of which you can donate whatever you want via gift aid, and everyone will win apart from the shareholders of this new money-making business.

I am frankly amazed that 'PaulHGC' who is apparently linked to this ridiculous enterprise is being allowed to plug his product on this site in general and on this board in particular. It is designed to make money for shareholders, as he acknowledges, and should therefore by rights be on the referrers board.