PRESS RELEASES

1/28/2005
LOTTO IS CONSTANTLY MONITORED
New Page 1

The Editor

The Citizen

Industria

2042

 

28 January 2005

 

Dear Sir

 

LOTTO IS CONSTANTLY MONITORED

 

Andrew Clark and MP Rademeyer’s concerns in Friday’s edition has reference.

 

We would like to assure the writers and your readers that the National Lottery is run under Licence by Uthingo Management (Pty) Ltd.  The Licence makes provision for various games, each with its own rules.

 

Prizes are determined by ticket sales and a pre-determined formula contained in the rules.  In terms of the formula for Lotto, 18.25% of the prize fund is set aside for the jackpot. If the jackpot has not been won, the amount is added to the next jackpot.

 

With guaranteed jackpots, Uthingo commits itself to paying the guaranteed amount to the winner/s, irrespective of the volume of ticket sales.  Should the sales be exceptionally high resulting in a prize higher than the guaranteed amount, the higher amount will be paid. 

 

The operation of the National Lottery is closely monitored by the National Lotteries Board, appointed in terms of the Lotteries Act (No 57 of 1997). In monitoring the National Lottery, the Board verifies the ticket sales, prize calculation, prize payout etc.

 

We would like to assure Messrs. Clark and Rademeyer and the lottery-playing public, that the Board will continually ensure that the National Lottery is run in terms of the Licence and with due integrity. 

 

It is through the participation in the National Lottery by South Africans that over 6 100 beneficiary groups have shared more than R2,96 billion raised for good causes.

 

Joe Foster

Chairperson

 

Contact:

 

Sershan T Naidoo

Manager: Player Services & Media Liaison

 

NATIONAL LOTTERIES BOARD

P O Box 1556

Brooklyn Square

0075

PRETORIA

 

Tel: +27-12-394 3468

Fax: +27-12-394 4468

Email: sershan@nlb.org.za