Camelot Is in a Huff About Lottoland’s Betting Model
The company that owns the UK Lottery is trying desperately to get the government to cease betting operations that may be affecting the amount of money that comes to Good Causes. Good Causes is an organization that regulates where the lottery proceeds go. Gamblers are currently using a loophole so that they can save money and maximize their winning potential on the lotteries. What they are doing is spending money to bet on the outcome of individual lotteries instead of buying a ticket and playing the lottery. Thus, players are betting £2 to bet on the lottery’s outcome instead of paying £2.50 for the lottery ticket itself. That in itself deprives Good Causes of the money that it would normally get from the ticket sales.
The organization argues that this betting practice violates the rules that were set forth in the 2005 Gambling Act. The Gambling Act says that no person can place a bet on the outcome of a lottery that falls under the National Lottery. However, there is no legislation about lotteries that do not fall under the National Lottery. That’s the loophole that allows the practice to continue. The problem is that the bettors are placing their wagers on the EuroMillions lottery, and that is not a part of the National Lottery. There is no basis to stop the practice because there is no violation. EuroMillions is promoted in other countries, and the bettors are dealing with those other countries.
The company that allows the lottery outcome bets are not engaging in illegal activities. Lottoland and other companies are not doing anything that is against the law, per se. The problem is that their transactions take away some of the money that Good Causes wants to see in its piggy bank.
Camelot boasts that it has made a lot of money doing what it does. over the years, Camelot has brought more than £36 billion to the table, and the company does not believe that the consultation is going to protect the monopoly in the least. The consultation request is not about whether or not the companies are conducting illegal activities. Its more about protecting Good Causes. Camelot can honestly say that 5 percent of their winnings get put back into society and to the winners. Other entities cannot say that they do the same thing. Camelot is asking that the organization take steps to protect the monopoly from now on. Good Clauses claims to use such proceeds for good causes.
The iGaming Business organization tried to question Lottoland about the practice. No one was available to give a reliable comment about how Lottoland feels about what it is doing. Lottoland and other companies who are conducting the practice are probably happy about the money that they are making and don’t want to see it disappear. Camelot will continue to wage war against the loophole until it sees what it believes is justice enforced. The justice will protect the monopoly in the future.
