Since being introduced in 2005 under Great Britain Gambling Act, the Gambling Commission has continued to regulate wagering. It also collects funds that go to good causes year-round. They report their progress quarterly to maintain transparency with donors and the receiving parties.
The Q2 Dip
According to reports, the second quarter of the firm’s 2021-22 fiscal year that ended on 30th September 2021 registered £418.4m. The amount was a 0.5% decline relative to Q1, in which the total collected was £420.7m.
There is a 7.6% drop looking at the total from the 2020-21 Q2. The funds come from different sources, including balance funds interest, unclaimed prizes, and the sale of games sourced from the UK’s National Lottery.
Understanding the Q2 Dip
After being collected, the funds are held by the National Lottery under its Distribution Fund Department. Great Britain’s Gambling Commission stated two factors that would explain the slight dip.
First was the general decrease in interactive win games and products like scratch cards. Their second argument was that there were two unclaimed awards. They have led the unclaimed funds to maintain their level.
National Lottery’s Achievements
To support good causes across the UK since its establishment in 1994, the National Lottery raises funds every year. Up to date, they are estimated to have contributed about £43bn. The organization has delayed the announcement of a winner in the race to secure the set tender process.
It started in August 2020 and will determine who will receive the UK’s fourth National Lottery License. The Gambling Commission stated that as of October 2020, four firms had applied. This applications list included Sisal, Damani, Sugal, and Sazka, which all expressed interest by bidding.