/ 10 February 2000

LOTTERY TO DISH OUT R24bn

THE national lottery, which kicks off in the first week of next month, will deliver an estimated R24-billion in prizes over the seven-year period of the initial contract, the Business Day reports. Lotteries board chairman Joe Foster told Parliament on Wednesday that the lottery will potentially have a R50-billion turnover in the first seven years. About R13-billion of this will be donated to charity. The SA Revenue Service will receive R1,9-billion from the lottery during that time.