How euromillions revenue is broken down
How Euromillions Revenue is broken down
The primary aim of most lotteries around the world Is to provide money for the government, the state, and good causes within a nation. It should be noted then that lotteries exist in a nation ultimately to improve the quality of life for the people of that nation. The Euromillions is no exception. In the UK alone the Euromillions lottery has raised over €20 billion for their Good Causes program. In each host nation the distribution of the money raised is handled usually by a separate organisation audited by the government.
In this article we will use the UK as an example to look at where your Euromillions ticket money goes! On every single ticket there is both profit and operating costs. In the UK Camelot take only 0.5% of each ticket as personal profit, they then have to spend 4.5% on their operating costs. Each retailer who sells Euromillions tickets gets a 5% commission for themselves, thus making it a big advantage to a local retailer’s business if they sell Euromillions tickets.
The government of the UK take 12% of the ticket price to cover ‘Lottery Duty’, this of course helps fund the government of the nation which in turn helps the people too. Giving the most money from each ticket sale is the UK in Camelot who give a massive 28% of each ticket sold to the good causes fund. The remaining 50% if used to create the prizes that are given to winners.
Another huge surprise is where any unclaimed prizes go! If in the UK your prize remains unclaimed for 180 days after the draw then all of your money will go to the good causes fund. To date the highest prize to remain unclaimed and go to charity was a bounty of €11,149,775! This may seem shocking but since the start of the lottery twenty four prizes in excess of €1 million have remained unclaimed and gone to charity.
