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Sorry, but that is not true. https://de.wikipedia.org/wiki/Lotto#Verwendung_der_Einnahmen https://de.wikipedia.org/wiki/Lotto#Verwendung_der_Einnahmen 50% for
by qwertox 2y ago
Sorry, but that is not true.
https://de.wikipedia.org/wiki/Lotto#Verwendung_der_Einnahmen https://de.wikipedia.org/wiki/Lotto#Verwendung_der_Einnahmen
50% for is the gamblers
23% is diverted towards the charity you mention.
16.7% is taxes
7.5% is commission
2.8% is for running the business
In other words, the "Aktion Mensch" gives around 1/4 to those in need.
* Correction, "Aktion Mensch" give close to 1/3 to those in need and less to gamblers (also 30%). But they keep more to themselves.
- throwaway2037 2y agoWhat is "provision"?
- qwertox 2y agoMy apologies, I meant commission. For the places which offer lottery tickets, usually kiosks.
- lobochrome 2y agoYes. 2.8% is kept by the business. vs 40-60% by a bookie.
- Dylan16807 2y agoI don't think this really disproves their post? They said the profit that doesn't go to players goes to charity. Probably a smidge of the 10.3% that goes to the business and the lotto becomes profit, but out of the other 89.7% everything after taxes goes to either the players or the charity. Close enough; if they're off it's only by a couple percent.
- imtringued 2y agoI don't get why you are using the lottery ticket revenue as a baseline when in reality the lottery company mostly acts as a payment processor or intermediary. It'd be like arguing Visa only gives 2% to shareholders and shareholders should be owed all money transacted over the Visa network.