Before starting your own lottery you may be wondering how long it takes to set up.
Setting up a lottery is a quick and easy process. Firstly, it is important to consult with board members, trustees and management to ensure that that a lottery is a suitable fundraising method for your organisation. Once you have decided, there are a few necessary steps to get your lottery up and running.
Registering/Licensing Your Lottery
The first step is to either register your lottery or license the lottery with the Gambling Commission, depending on the size of your lottery. This is a legal requirement from the Gambling Commission to ensure society lotteries are run correctly and professionally, and most societies will simply need to register with their local authority. Depending on your local authority, most lottery registrations will cost around £40 and have a £20 annual renewal cost. Depending on processing time, registration will usually take approximately 1-2 weeks.
Signing The Contract
Once your lottery is registered, it is time to sign your contract with your external lottery manager. It’s a straightforward process, and we recommend thoroughly reading your contract to ensure that you have all the information you require before signing. This process can easily be completed in just 1-2 days. Once the contract has been signed by both parties your lottery is ready to go, all you need to do is start promoting it to your supporters!
If you would like to start your own lottery, or even looking for some advice, please feel free to get in touch using the form below and our team will be more than happy to help.