Do you buy a lottery ticket to help charity?

National lottery and now the new Health lottery both play on their ‘charitable’ angle, but that’s a minor part of their business.

 

As Kevin says in his blog post; 

 

28p of every £ National Lottery ticket goes to a good cause, and it’s raised millions for good causes over the years.

20p of every Health Lottery ticket will go to charities too.  And it may well raise plenty for good causes too.

 

But £1.25 of every £1 you give to a charity goes to the good cause.

 

So for every £ you ‘give’ through the national lottery, you effectively ‘lose’ 97p of value to the charity.

 

The lotteries have been a great source of income for charities, but that’s incidental to making a few people very rich.  (Winners and Camelot directors)

  

Play the lottery if you want (I do from time to time), but do it to win the jackpot. If you want to help a charity, just give them the money yourself.

 

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