The Lotteries Council has said the amount its members raise for good causes each year would go up by £75m to £250m by 2020 if the next government were to simplify the regulations that affect society lotteries.
The estimate was made at the umbrella body’s annual general meeting, held this week, and came after the Department for Culture, Media and Sport closed its consultation on the regulation surrounding society lotteries last month.
The Lotteries Council feedback to the DCMS consultation and the inquiry by the Commons Culture, Media and Sport Committee, which published its final report last month, was that the existing regulations limit the amount that can be raised for good causes.
A statement from the Lotteries Council, issued after its AGM, said a number of rule changes needed to be made if its members were to achieve its higher target: an increase in the permissible amount of ticket sales for a single draw from £4m to £10m; an increase in the annual income cap from £10m to £100m; an increase in prize values from £25,000 to £100,000 and from 10 per cent of the proceeds to 50 per cent; and the aggregation of the present 20 per cent minimum statutory contribution rule over an extended period for newly created small lotteries.
Lotteries Council members raised £175m in 2013/14.
Clive Mollett, chair of the Lotteries Council, said: "Society lotteries are held back by unfair and arbitrary limits on their ability to fundraise. The new government will have an unprecedented opportunity to help society lotteries do so much more for good causes, if it would only simplify some of the regulations affecting our members.
"The Lotteries Council believes that more can be raised from the generous British public by doing so, allowing society lotteries and the National Lottery to continue to grow together."