37Payment of gross proceeds of progressive lotteries

37 Payment of gross proceeds of progressive lotteries

37 Payment of gross proceeds of progressive lotteries

(1) The gross proceeds of a progressive lottery, less costs and expenses referred to in clause 34, must be wholly applied towards prizes in the gaming activity or returned to participants, subject to subclause (2).

(2) If a progressive lottery is conducted wholly or partly for or on behalf of a charitable organisation or a non-profit organisation—

(a) a reasonable amount of the gross proceeds must be paid to the organisation, and

(b) the manner of calculating the amount must be agreed in writing with the organisation before the progressive lottery is conducted.