Artists to be impacted as Lotto profits drop

Author
Christina Campbell,
Publish Date
Fri, 1 Apr 2016, 12:48PM
(Photo / Stockxchng)
(Photo / Stockxchng)

Artists to be impacted as Lotto profits drop

Author
Christina Campbell,
Publish Date
Fri, 1 Apr 2016, 12:48PM

The art sector is expected to be impacted by a drop in grants from the New Zealand Lottery board.

Creative New Zealand has forecast revenue from lottery this financial year to be around $26 million, which is an $11 million drop from two years ago, which was a record profit year for Lotto.

Executive director of the Arts Foundation of New Zealand Simon Bowden said it's going to directly affect the industry.

"There'll be more pressure on arts groups and artists to raise money from different sources, and I think there'll be increased pressure on the philanthropic sector to help organisations get through this."