2 ms·
Yet the lottery is widely available to retail consumers.
by alexbiet 6y ago
Yet the lottery is widely available to retail consumers.
- dogma1138 6y agoLottery in the U.K. is essentially a non for profit about half of the proceeds go to the winners, a quarter goes to charitable causes set by the parliament, ~15% is a duty that goes to the government and the rest is used to cover the operational costs, retailer commissions etc. Camelot, the operator can only draw on 1% of the proceeds for profit. If derivatives traders are willing to adopt this business model I’m sure the FCA will reverse the ruling.