|The UK’s beleaguered lottery operator Camelot has released details of what could become a Europe-wide Lotto draw.|
The lottery will first be available to residents of the UK, France and Spain, although expansion into other European countries is anticipated. A jackpot of about 15 million euros ($15.42 million) will be on offer if the planned game gets regulatory approval.
The draw, which will be held every Friday night, has been provisionally called Euromillions for the UK and France and Euromilliones for Spain.
Each ticket will cost 2 Euros ($2.06), or the Sterling equivalent in the UK. The lottery is expected to launch in the first quarter of 2004.
Camelot says after this date lotteries from other European countries will be invited to join, if they get authorisation from their own regulatory bodies.
The project was first announced by Camelot in October, when it said it had signed a 'statement of intent' preparing for a link-up with lottery operators in France and Spain.
The company said in a statement the game would be marketed by each lottery operator in its own country.
If no ticket-holder won the jackpot the money would be rolled over to the following week.
Camelot said: 'Approximately 50% of the sales will go towards prizes, with approximately 12.5% of sales funding the top tier prize level.'
The UK’s National Lottery Commission, which must approve any new game, said when the project was first announced it had nothing against the move in principle. But it went on to outline a number of concerns including how regulation would work across the three countries.