Sports Promotion
In Austria sports promotion is the most significant contribution to funding sports activities. With their sports promotion as enshrined in the Austrian Games of Chance Act, the Austrian Lotteries make an essential contribution to the funding of sports activities, especially to the funding of mass sports, a matter of particularly high socio-political importance in Austria. If funding were limited or withdrawn, the voluntary functionaries of sports clubs and associations, would be deprived of the financial basis for their work. As a consequence, diversity and scope in sports would be lost and not-for-profit activities would be jeopardised.
In the amendment of the Games of Chance Act of 10 December 2004, effective as from 1 January 2005, it was resolved that 3% of the annual sales proceeds of the Austrian Lotteries would be earmarked for the promotion of sports. The annual minimum is now 40 million euro whereas the maximum threshold was dropped so that funding in support of sports from the budget is increased further.
Sports Promotion 2010
In 2010 the Austrian sports world obtained 79 million euro. Since 1986 the sum total of sports funding under the Games of Chances Act has amounted to more than 909 million euro. The funds are managed by the Austrian Federal Sports Organisation and distributed according to a special ratio formula. Thus, the financial basis of many sports federations and associations in all of Austria is safeguarded.
In 2011 the the Austrian sports world will obtain 80 million euro.
In the amendment of the Games of Chance Act of 10 December 2004, effective as from 1 January 2005, it was resolved that 3% of the annual sales proceeds of the Austrian Lotteries would be earmarked for the promotion of sports. The annual minimum is now 40 million euro whereas the maximum threshold was dropped so that funding in support of sports from the budget is increased further.
Sports Promotion 2010
In 2010 the Austrian sports world obtained 79 million euro. Since 1986 the sum total of sports funding under the Games of Chances Act has amounted to more than 909 million euro. The funds are managed by the Austrian Federal Sports Organisation and distributed according to a special ratio formula. Thus, the financial basis of many sports federations and associations in all of Austria is safeguarded.
In 2011 the the Austrian sports world will obtain 80 million euro.