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(1)A society's lottery is unlawful unless—
(a)it is promoted in accordance with a scheme approved by the society ; and
(b)one of the conditions specified in subsection (2) below is satisfied.
(2)The conditions mentioned in subsection (1)(b) above are—
(a)that the total value of tickets or chances to be sold is £5,000 or less ; and
(b)that the scheme is registered with the Board before any tickets or chances are sold.
(3)The whole proceeds of a society's lottery, after deducting sums lawfully appropriated on account of expenses or for the provision of prizes, shall be applied to purposes of the society such as are described in section 1(2) above.
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