Horserace Betting and Olympic Lottery Act 2004 Explanatory Notes

Section 24: Payments into Fund from lottery proceeds

72.Subsection (1) provides that, in circumstances where a licence to promote an Olympic lottery has been granted and a sum is required to be paid under section 5(6) of the 1993 Act (as substituted by section 34), the proportion of that sum which is attributable to Olympic Lottery games should be paid to the OLDF (rather than the National Lottery Distribution Fund (NLDF)). Subsection (2) includes a consequential provision in relation to section 9(3) of the 1993 Act (as substituted by section 34(5)) enabling the Secretary of State to recover sums owing to the OLDF in the same way in which she can in respect of monies owed to the NLDF.

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