Of all money spent on National Lottery games, around 53% goes to the prize fund and 25% to "good causes" as set out by Parliament (though some of this is considered by some to be a form of " stealth tax" levied to support the National Lottery Community Fund, a fund constituted to support public spending). Prizes are paid as a lump sum (with the exception of the Set For Life which is paid over a set period) and are tax-free. It is regulated by the Gambling Commission, and is currently operated by Camelot Group, to which the licence was granted in 1994, 2001 and again in 2007, but will be operated by Allwyn Entertainment Ltd from 2024. The National Lottery ( Welsh: Loteri Genedlaethol) is the state- franchised national lottery established in 1994 in the United Kingdom.
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