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Published byArthur Lane Modified over 8 years ago
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Running a School Lottery
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Comparison with other Lotteries National Lottery Why do people enter – money from a different pocket!! 50:50 – 50% prizes + 50% to organisers.
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Legal Requirements Laws: Gambling Act 2007, Lotteries & Amusement Act 1976 Requirement for Promoter Responsibility of Promoter Registration with Local Council – Licensing Office Normally £40 for first year then £20 renewal annually. Returns on Annual Basis showing income and expenditure – there is usually a specific form for this Requirement for details on any related printed material
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The Way it Works Concept – people take out stakes in a monthly draw Half the income goes in prizes – half retained by organisation Of the half retained, 60% as first prize 4 x 10% as Runners Up Prize Produce simple informative leaflet with standing order forms Distribute far and wide
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The way it Works Joining members submit form to Promoter Standing order preferable for adminstration Usually £1 stakes with any number of stakes permissible eg £5 a month Must join for at least 12 months Promoter acknowledges and allocates a membership number(s) Promoter submits standing order to members bank Promoter creates spread sheet for all data Members assured data will not be redistributed in any way
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The Way it Works Membership numbers noted on counters, paper or ping pong balls and 5 numbers drawn monthly Each month – total number of stakes recorded and % prizes allocated Cheques for winners duly distributed Winners notified within 10 days of draw Winning numbers stated on website and noticeboards
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Finances As you need to be sure people are paid up – need to check account monthly to know correct amount for prizes Recommend a separate bank account for ease of access to data.
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Make the most of the Monthly Draw School assembly Regular parents’ evenings Special events – school disco Take every opportunity to market the scheme
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Example School issues 1000 £1 stakes – total income £1K per month Prizes allocated; £300.00 first prize 4 x Runners prizes of £50.0 School retains £500.00 unrestricted funds per month.
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