{"id":1914,"date":"2022-09-30T12:45:09","date_gmt":"2022-09-30T11:45:09","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/cag-report-recommendations-on-national-lottery-must-be-acted-upon\/"},"modified":"2022-09-30T12:45:09","modified_gmt":"2022-09-30T11:45:09","slug":"cag-report-recommendations-on-national-lottery-must-be-acted-upon","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/cag-report-recommendations-on-national-lottery-must-be-acted-upon\/","title":{"rendered":"C&#038;AG report recommendations on National Lottery must be acted upon"},"content":{"rendered":"<p><em><strong>Bulk of \u20ac124 million in unclaimed prize money spent on advertising and promotion, according to report<\/strong><\/em><\/p>\n<p>Social Democrats co-leader Catherine Murphy has welcomed recommendations contained in the Comptroller and Auditor General\u2019s Report on the Accounts of the Public Services for 2021 relating to oversight of the National Lottery\u2019s finances.<\/p>\n<p>Deputy Murphy, who is vice-chair of the Oireachtas Public Accounts Committee, said:<\/p>\n<p>\u201cThe C&amp;AG\u2019s report indicates that it is not clear whether key provisions of the Lotto\u2019s operating licence are being complied with.<\/p>\n<p>\u201cBetween 2015 and 2021, the National Lottery\u2019s operator, Premier Lotteries Ireland Limited, retained over \u20ac124 million in unclaimed prizes. Of this amount, the operator spent almost \u20ac122 million on promotion and advertising, with the remainder going back into the prize fund.<\/p>\n<p>\u201cThe report published by the C&amp;AG today gives some real insights into the way in which the National Lottery is managed.<\/p>\n<p>\u201cAmong the report\u2019s recommendations is that the National Lottery regulator should provide additional information in the financial statements to enhance the transparency of the National Lottery Fund.<\/p>\n<p>\u201cI hope the recommendations, when adopted, will provide us with an opportunity to properly examine the fund from an operational and accounting perspective.<\/p>\n<p>\u201cWe are regularly bombarded with slickly produced National Lottery advertising \u2013 online, on television and in print. The latest campaign message is that 90 percent &#8216;goes back to into the community&#8217;. This could give the impression that lotto monies are being targeted at improving communities and the people who live in them.<\/p>\n<p>\u201cIn reality, just 29 percent goes to good causes, with the balance taken up by prizes, retailers\u2019 commissions, running costs and profit.\u201d<\/p>\n<p><em>September 30, 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bulk of \u20ac124 million in unclaimed prize money spent on advertising and promotion, according to report Social Democrats co-leader Catherine Murphy has welcomed recommendations contained in the Comptroller and Auditor General\u2019s Report on the Accounts of the Public Services for 2021 relating to oversight of the National Lottery\u2019s finances. Deputy Murphy, who is vice-chair of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[182,88,7],"tags":[],"class_list":["post-1914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-catherine-murphy","category-finance","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>C&amp;AG report recommendations on National Lottery must be acted upon - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/cag-report-recommendations-on-national-lottery-must-be-acted-upon\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C&amp;AG report recommendations on National Lottery must be acted upon - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Bulk of \u20ac124 million in unclaimed prize money spent on advertising and promotion, according to report Social Democrats co-leader Catherine Murphy has welcomed recommendations contained in the Comptroller and Auditor General\u2019s Report on the Accounts of the Public Services for 2021 relating to oversight of the National Lottery\u2019s finances. 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