40. (1) The number, form (whether sums of money or otherwise) and value of the prizes to be distributed in the National Lottery shall, subject to subsection (2), be determined by the operator.
(2) The total value of the prizes distributed in the National Lottery in any financial year of the operator shall be equal to or not less than 50 per cent of the total moneys received by the operator in that year in respect of the sale of National Lottery tickets in that year or such other greater percentage as may be specified in the licence.
