Section 24: Application of proceeds of a national lottery.

(1) A licensee shall establish an operational fund to be known as the "prize fund" into which shall be paid a minimum return of 50 percent of the proceeds of a national lottery.
(2) The prize fund established by the licensee pursuant to subsection (1) of this section shall be applied exclusively for the payment of prizes in respect of such lotteries from which the proceeds were realised.
(3) A licensee shall pay to the Trust Fund established under section 35 of this Act within a period of not more than 90 days after the determination of the result of each lottery, an amount of 20% of the proceeds of the lottery for the first five years of the licence, 25% in the subsequent five years and thereafter 27.5%.