Changing People’s Lives with The Princess Margaret Home Lottery.
I can hardly believe it has been over 25 years since the Princess Margaret Home Lottery launched. It was one of the first charitable lotteries in the country and has since experienced tremendous growth, raising funds for Princess Margaret Cancer Centre, one of the top 5 cancer research centres in the world.
Over the years, with the help of your generosity and support, we have literally changed people’s lives. And this year will be no different.
As we head into this landmark year, I am excited to share our bold new vision for the future. We’re enabling Future Care Now by raising funds that accelerate cancer research, education and clinical care benefiting patients not only at The Princess Margaret but across Canada and around the world.
With nearly 1 in 2 Canadians expected to be diagnosed with cancer in their lifetime, we need to continue to fund world-leading research and offer real hope for patients living with cancer.
Right now, there are many unknowns but the one thing that has been a constant source of inspiration is how our community continues to rally. Everyone is doing their part and we are here to do ours.
By purchasing a Princess Margaret Home Lottery ticket, you not only have the chance to win some truly amazing prizes, you are helping us to advance on our vision, to Conquer Cancer in our Lifetime.
Thank you for your incredible support and good luck!
Michael Burns, President & CEO
Does all the money flow through to Princess Margaret Cancer Centre from the Lotteries?
All of the money from the Lottery ticket purchases comes to The Princess Margaret Cancer Foundation, which then pays all the expenses associated with running the lotteries. The net income from the lottery programs is made available in research grants to the Princess Margaret Cancer Centre. Since 1996, the lotteries have raised over $472 million in net income that has been granted to Princess Margaret Cancer Centre, allowing it to become one of the top 5 cancer research centres in the world. The Princess Margaret lotteries are the largest source of private cancer research funding in Canada and the public support of our lotteries has made a significant difference to cancer research and discovery, and will continue to be critical as we lead the way in Personalized Cancer Medicine.
The Princess Margaret Cancer Foundation carefully examines balancing the risk and reward of running each lottery in its goal to raise significant funds to support its mission. Lotteries are a ticket purchase and under Canada Revenue Agency (CRA) guidelines no tax receipt can be offered with this distinct form of fundraising. All net revenue after all expenses are paid from each lottery is directed to Princess Margaret Cancer Centre and its research initiatives. On average, we return approximately 35% in prizes, which we purchase, to our winners. In addition, we invest approximately 25% in the running of each lottery, which includes such costs as marketing, call centre support, ticket issuance, lottery licences and oversight of the program, to comply with the rules and regulations established by the Alcohol and Gaming Commission of Ontario. The net revenue of the Princess Margaret Lottery programs in 2019 was over $42 million (approximately 40% of total revenue) and this was granted to the cancer centre to support our research organization. This is a very significant and important source of funding for Princess Margaret Cancer Centre.