Record highs help fund
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.
