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CURRENT TRANSFERS – LOTTERIES AND GAMBLING

Statistics Directorate    
French Equivalent: Transferts courants, loteries et paris

Definition:
Current transfers - lotteries and gambling consist of the amounts paid out to the winners.

Context:
The amounts paid for lottery tickets or placed in bets consist of two elements: the payment of a service charge to the unit organizing the lottery or gambling and a residual current transfer that is paid out to the winners. The service charge may be quite substantial and may have to cover taxes on the production of gambling services. The transfers are regarded in the SNA as taking place directly between those participating in the lottery or gambling, that is, between households.

Source Publication:
System of National Accounts (SNA), 2008, 8.136.

Cross References:
Current transfers – SNA

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, April 22, 2013