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Your lottery is defined as 'simple' under the Gambling Act 2005. It is also an 'incidental' lottery. Incidental lotteries must comply with conditions set out in Schedule 11 of the Act and related Statutory Instruments, and includes the following:
* You must no deduct more than GBP100 from the proceeds inrespect of the expenses incurred in organising the lottery, such as the cost ofprinting tickets, hire of equipment etc* no more than £500 can be deducted from the proceeds for prizes. Other prizes maybe donated to the lottery and there is no maximum limit on the value of donatedprizes( the lottery cannot involve a rollover of prizes from one lottery to another)* tickets can only be sold at the location and during the event. The results of thelottery can be drawn at the event or after it has finished. It is recommended that theorganisers of the lottery make it clear to participants when the result of the lotterywill be decided.
So for example, if you did very well, and gave a prize of 15% to the winner (no limit on the value), from the remainder you may deduct no more than GBP 100 for ticket sales, admin etc. The max prize would be 500GBP, and over that can be donated to charity for which there is no limit.I do hope this helps. Please don't forget to rate my answer to close the question, this ensures I'm compensated for my time if you're satisfied. You can, of course, ask additional questions afterwards too.