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The Lotteries (Prizes and Expenses: Variation and Prescription of Percentage Limits) Order 1997
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- UK Statutory Instruments
- 1997 No. 43
- Article 5
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5. The percentage prescribed for the purposes of section 11(16) of the Lotteries and Amusements Act 1976(1) (which is the percentage of the proceeds of a society’s lottery or a local lottery that may be appropriated on account of expenses and prizes together), shall be 80 per cent of the whole proceeds of the lottery.
(1)
As inserted by section 52(8) of the National Lottery Etc. Act 1993.
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