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Sunday, January 23, 2022

Over €17.5 million spent every week on National Lottery games last year

The latest report from Premier Lotteries Ireland revealed that an average of over €17.5 million was spent every week on National Lottery games last year.

Lottery game sales were just below €919 million last year which is up by almost 4% the year before.

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According to the operator of the National Lottery, a record €528.9 million in prizes was given out last year which is up over 6% from the year before, with 33 prizes over €1 million handed out.

It also reported an operating profit of €14.6 million in the year 2020 which is up from €8.9 million in the year 2019.

Nearly €50 million was paid out in commission to retailers, according to the report.

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There was a further €253.5 million raised for community projects and other causes, bringing the total amount that was raised for such causes to €1.34 billion since late 2014.

Andrew Algeo, who is the CEO of Premier Lotteries Ireland (PLI), which took over the running of the National lottery in 2014 on a 20-year licence; stated, “None of this would have been possible without our staff and the vital support of our 5,415 retailers,” while adding that €16 million of historic, expired unclaimed prize money was transferred to Exchequer in 2020.

According to Mr. Algeo, the money will be allocated to the health service to support the response to Covid-19.

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