UK National Lottery operator Camelot has seen profits soar since 2012 but has failed to ensure this is matched by growth in returns to good causes, a government committee has concluded.
A Public Accounts Committee report, published today (April 5th), reveals that Camelot's profits have risen "well in excess" of what was anticipated under a 14-year contract to operate the National Lottery that began in 2012.
Profits for the operator's 2016/17 financial year were 122 per cent higher than in 2009/10, the Committee noted. Despite this, returns for good causes have failed to grow at the same rate, increasing by just 2 per cent over the same period, and declining by 15 per cent in 2016/17 compared to the prior year period.
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