66. The £1.5 billion to be derived from Lottery
income itself breaks down into two equal parts: £750 million
to be raised through sale of Olympic-themed Lottery tickets, and
a further £750 million to be diverted from the National Lottery
Distribution Fund, which is the source of funding for non-Olympic
distributors. We address each part in turn.
Olympic-themed Lottery ticket sales
67. The chain from the purchase of an Olympic-themed
Lottery ticket by a member of the public to expenditure by the
Olympic Delivery Authority of revenue derived from the Lottery
is quite extended. Camelot has responsibility for operating games
and for ensuring that enough Lottery tickets are sold to generate
the necessary revenue; 28 pence from each ticket is paid into
the Olympic Lottery Distribution Fund (OLDF); the Olympic Lottery
Distributor (OLD), established under Horserace Betting and Olympic
Lottery Act 2004, pays grants from OLDF towards purposes specified
in 2004 Act; and the ODA, which is the principal instrument working
towards those purposes and which is, to date, the only beneficiary
of grants from the OLD, uses those grants to meet expenditure.
68. In order to achieve a return of £750 million
to the Olympic Lottery Distribution Fund, Camelot needs to generate
ticket sales of £2.647 billion.
Camelot has set out annual targets for revenue to be paid into
the Olympic Lottery Distribution Fund, as follows: