ADVOKS GLOBAL · KENYA
National Lottery Act
43. Apportionment of the proceeds of the National Lottery
Edition: 2024-01-12 · In force
43. Apportionment of the proceeds of the National Lottery
(1)The gross revenue of a National Lottery shall be distributed by the National Lottery Board after taking into account the following—(a)prizes and tax for prizes;(b)operator’s profit, tax and operating costs;(c)the regulatory authority’s operational and administrative costs; and(d)the operational and administrative costs of the Board.(2)The amount payable for operational and administrative costs under subsection (1)(c) and (d) shall not exceed three per centum of the total gross revenue proceeds of the National Lottery for each institution and shall be approved by the Cabinet Secretary responsible for finance.(3)The operator shall pay monies due to the Fund under this section on a weekly basis or at such other time as the Board may determine whichever is earlier.(4)The Cabinet Secretary for finance may upon consultation with the Cabinet Secretary and the Board determine the operational and administrative costs under subsection (1)(c) and (d) above based on the preceding years gross revenue performance of the National Lottery.