The British sporting program may face budget cuts should the downward trend of UK’s lottery takings continue.
The Daily Telegraph reported that the first quarter revenue of the British lottery dropped by more than 8.5 percent to £158.8 million (US$205.85 million) compared to the same period in 2015. The report attributed the revenue decrease to the dwindling number of people playing the National Lottery.
Around two-thirds of funding for Britain’s Olympians and Paralympians comes from the Lottery and any sustained dip would lead to a reduction in the £350 million they currently get from UK Sport over a four-year period.
If the trend continues, UK Sports may have to cut the amount it gives to some sports unless the Government agrees to increase its own contribution to the organization’s budget. The slowing lottery revenue will also force UK Sport to allocate its resources on sports programs where UK has the best chance of success in 2020 and 2024.