South Australian Lotteries
Encyclopedia
South Australian Lotteries is a lottery
company that operates in the Australia
n state of South Australia
. It is owned by the South Australian Government
. SA Lotteries syndicates national games (including Saturday Lotto, Powerball, Oz Lotto) and has its own games (including South Australian Lotto and Keno). South Australian Lotteries also administrates The Soccer Pools a national lottery game.
In November, 1965 a referendum
was passed in South Australia
which allowed for the establishment of a state owned lottery company. The first tickets went on sale on 15 March 1967.
South Australian Lotteries is a publicly owned company. All profits are diverted to the South Australian government. This could be seen as an advantage, providing an extra source of revenue for the government and greater community. It can also be argued that a state owned lottery monopoly
distorts the normal competitive market (see Public Ownership). Others would claim it is inappropriate for a government to be involved in a gambling organisation; which are always subject to controversy. The South Australian government is marketing lottery, while warning against gambling addiction is an awkward position to be in.
Lottery
A lottery is a form of gambling which involves the drawing of lots for a prize.Lottery is outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments...
company that operates in the Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n state of South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...
. It is owned by the South Australian Government
Government of South Australia
The form of the Government of South Australia is prescribed in its constitution, which dates from 1856, although it has been amended many times since then...
. SA Lotteries syndicates national games (including Saturday Lotto, Powerball, Oz Lotto) and has its own games (including South Australian Lotto and Keno). South Australian Lotteries also administrates The Soccer Pools a national lottery game.
In November, 1965 a referendum
Referendum
A referendum is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. This may result in the adoption of a new constitution, a constitutional amendment, a law, the recall of an elected official or simply a specific government policy. It is a form of...
was passed in South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...
which allowed for the establishment of a state owned lottery company. The first tickets went on sale on 15 March 1967.
South Australian Lotteries is a publicly owned company. All profits are diverted to the South Australian government. This could be seen as an advantage, providing an extra source of revenue for the government and greater community. It can also be argued that a state owned lottery monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
distorts the normal competitive market (see Public Ownership). Others would claim it is inappropriate for a government to be involved in a gambling organisation; which are always subject to controversy. The South Australian government is marketing lottery, while warning against gambling addiction is an awkward position to be in.