The National Lottery will be handed over to a non profit-making organisation under legislation announced in the Queen's Speech. The Bill will also allow lottery funds to be used for health and education projects and will set up a National Endowment for Science and the Arts, Nesta, It will devise a new strategy to distribute proceeds.
The Bill will seek a "competitive, efficient not-for-profit operator" to boost the amount of money going towards good causes. The current operator, Camelot, which was awarded a seven-year contract, earned pre-tax profit of pounds 77.5m in its first full year of business last year.
The Government said it planned to publish a White Paper on its proposals for consultation. Fran AbramsReuse content