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UK National Lottery Winnings Increase

Very positive news came from the UK. The Gambling Commission has revised the rules regarding the organization of national lotteries. Now fans of such entertainment will be able to win much more. At the same time, control over providers who organize lotteries has been strengthened. The new criteria serve for more accurate accounting of operators' expenses on the game. The new rules have already come into force.

The changes affected the law that was adopted back in 2005. Consultations with operators and providers lasted more than a year, as a result of which the new rules were adopted. The main changes that should be noted are the following:

1. The personal winnings have been increased. You can now win £500,000 instead of £400,000 previously.
2. The total winnings have been increased by one million pounds and now stand at five million.
3. The revenue limits for lottery organisers have been significantly increased – £50 million versus £10 million previously.

In addition, operators are now required to publish a full report that provides information on the lottery organizer's income and expenses. They include the company's expenses and players' winnings. Players are required to be provided with information on the formation of winnings and their probability. In addition, operators will now be required to report on funds transferred to socially significant events.

All changes that are already in effect are intended to increase the transparency and purity of the business associated with the organization of national lotteries. They are also another confirmation that the operator operates legally, on the basis of a license.

According to the latest statistics, about 500 lotteries are registered in the UK per year. The amount of revenue from licensing in 2019 exceeded 330 million pounds. Expanding the capabilities of operators will have a beneficial effect on the income received by the country's budget. Representatives of the relevant departments fully support the changes that have occurred in the organization of lotteries.