Potential "sale" of the National Lottery

Slideshowbob

I feel RTE didn't really understand the dynamics of the Lottery when they reported on it's potential "sale" today.

Surely it's more likely the franchise would be licenced for a certain period as is the case with Camelot in the UK.

http://en.wikipedia.org/wiki/Camelot_Group

That being the case, I wouldn't see it as a great money generator as the only scope would be that a private enterprise may make just make the operation leaner and might generate an extra few percent of savings a year, for which they will want a cut of a good bit of it anyway.

Well done David Murphy :rolleyes:

Or ........ am I wrong here?!?

graw123

I hope they don't sell the Irish lottery I love playing! We'll just have to wait and see what happens!

cavedave

Does the state not have a conflict of interests in running a lottery.

1. Attempt to get people to play the lottery

2. Educate children so that they understand maths and probability

Should the same institution really be doing 1 and 2?

thebman

I think most people who play the Lotto understand the odds of them winning are extremely low. I found it odd that they don't display the actual odds of winning in their ads though.

You have to look through their website.

Cork boy 55

I never seen it stated anywhere how much money it would bring in a sale that is, anyone?

AnneBQ

Its hard to imagine a private company buying into any sort of an entity that did'nt make a pofit, we have a history of getting into contracts particularly of the private/public variety where the tax payer has to make up the shortfall if profits drop or are not realised, i.e. NRA and tolls.

bamboozle

AnneBQ wrote: »

Its hard to imagine a private company buying into any sort of an entity that did'nt make a pofit, we have a history of getting into contracts particularly of the private/public variety where the tax payer has to make up the shortfall if profits drop or are not realised, i.e. NRA and tolls.

is it not just a case that it distributes its profits to charities & sports clubs?

bluemachaveli

Cork boy 55 wrote: »

I never seen it stated anywhere how much money it would bring in a sale that is, anyone?

It's on the small print on the back of the slips that you check the boxes when picking numbers!

AnneBQ

There has to be some sort of a "win" for the buyer, or why bother taking it over, it may simply be that a percentage of the take goes to overhead/running costs etc.