What did Camelot report today?

Players have been tightening their belts due to the cost of living issue, an issue not unique to the national lottery operator that it has run since 1994.

It raised £1.91 billion for good reasons, up more than 1% from a year ago despite a 3.5% drop in revenue to £8 billion.

Camelot, which is owned by Canada’s Ontario Teachers Retirement Plan, aims to keep about 1% of sales as profits, with the rest going to expenses and charity.

Did it just lose its commercial rights?

Well, with Allwyn, headed by Czech billionaire Karel Komarek. Camelot claims the Gambling Commission got the decision “seriously wrong” and has issued a legal challenge – it has successfully done so in the past.

Camelot argued that Allwyn was a riskier operation and that this “risk factor” should have been part of the mindset.

Lottery insiders say the Commission must find a new operator this time around or just accept that Camelot will run the lottery forever.

Since it took around £10 million to put together the National Lottery bid, it doesn’t look like anyone will be able to do so again should Camelot win again.

Critics also say that ticket sales for good causes have dropped. And that Camelot has no divine right to run the lottery.

And since about 50 people independently evaluate competitive bids, the process is certainly fair enough.

Why are lottery ticket sales down?

The Instants card’s 7% drop to £3.4 billion has been blamed. “This is largely due to greater competition for people’s attention and spending following the lifting of Covid restrictions, followed by increasing economic uncertainty during the year-end period, ‘ said Camelot.

Retailers account for 60% of sales, a focus of criticism for those who say Camelot has completely failed to embrace the digital age.

Camelot noted that Internet sales fell once the closures ended.

Chief Executive Officer Nigel Railton said: “Camelot has once again raised a record amount for good reasons from ticket sales, and has also ensured that once again a record amount equal to 3, £1 billion is generated for society through good causes, lottery taxes and retailer commissions, at a time when other sources of funding are being squeezed.”

In March, Camelot was fined £3.15m by the watchdog for errors related to its mobile application.

What is Allwyn?

Allwyn has a ten-year license from 2024 and is owned by the Sazka Group, which operates lotteries across Europe. It said it would modernize its business and cut UK fares. It promised a “fresh start” to a franchise that felt rather out of date. It wants to bring the National Lottery “back to the heart of our country.”

Those who have supported the bid include former Sainsbury’s CEO Justin King and Sir Keith Mills, a prominent marketer who invented the flying mile at BA. He also delivered the 2012 London Olympics.

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