Record highs help fund

PUBLISHED : Saturday, 27 February, 1993, 12:00am
UPDATED : Saturday, 27 February, 1993, 12:00am
 

UNCLAIMED Mark Six prize money, plus cash raised by the auction of vehicle registration numbers, are expected to reach record highs of $48 million and $39 million respectively this financial year.


This compared with $39 million and $18 million in 1991-92.


Both provide revenue for the Lotteries Fund, which finances social services, and are expected to swell to about $53 million each next year.


Total Fund revenue for this financial year and the next will be almost double that of 1991-92 at around $330 million.


The increase is attributable to the rise in net proceeds from the Mark Six and interest payments.


The estimated balance of the Fund will stand at $2.4 billion by the end of next financial year. Expenditure for the coming year is about $584 million.


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