# Gambling Act 2005, Section 254: Proceeds and profits


(1) In this Act a reference to the proceeds of a lottery is a reference to the aggregate of amounts paid in respect of the purchase of lottery tickets.
(2) In this Act a reference to the profits of a lottery is a reference to—
(a) the proceeds of the lottery, minus
(b) amounts deducted by the promoters of the lottery in respect of—
(i) the provision of prizes,
(ii) sums to be made available for allocation in another lottery in accordance with a rollover, or
(iii) other costs reasonably incurred in organising the lottery.

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Source: https://www.legislation.gov.uk/ukpga/2005/19/section/254 (the official version)
Page: https://openlegislation.uk/gambling-act-2005/section-254
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.