NCVO has criticised new powers in the Horserace Betting and Olympic Lottery Bill that will allow the Government to transfer money from the National Lottery Distribution Fund into the Olympic Lottery Distribution Fund if it falls short of its £750m target for the 2012 London Olympics.
"We assume these powers will be used if the Olympic Lottery games fail to raise the £750m for the Olympics," said NCVO in its submission to the Department for Culture, Media and Sport select committee yesterday. "This would further reduce returns to the existing good causes."
NCVO is also concerned about a proposal put forward by Conservative MP James Paice last week, that revenue from the 12 per cent tax currently levied on lottery tickets should be redirected into the Olympics fund rather than feeding into government coffers. The body has reiterated its recommendation that the revenue should be split between Lottery winners and good causes.