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The Moscow 2012 Bid Committee is developing a plan for the All- Russia Olympic lottery. The drawings of the lottery will take place from 2006 to 2012; the lottery operator will be one of the existing major companies engaged in this sector. The Moscow OCOG forecasts receiving approximately US$ 7 million in revenue from the Olympic lottery.
In Russia, licensing and registration of the sports lotteries is managed by the RF Ministry of Finance. As a prerequisite, the lottery founder shall also agree the terms of the lottery with the Federal Agency for Physical Culture, Sports and Tourism. This procedure will also apply in the case of the Olympic lottery organisation. However, it should be emphasised that due to its special status, none of the currently ongoing or existing sports lotteries in Russia will be in direct competition with the intended All-Russia Olympic lottery.
The respective guarantee from the RF Government in support of the All-Russia Olympic lottery implementation has been obtained.