The prize is not guaranteed, and we do require a minimum number of paid entries to allocate the prize in full as described. If the minimum number of paid entries is not met by the close of the competition, The National Property Draw reserves the right to allocate cash or part of the prize or a combination of both. If the minimum number of paid entries is not met and we are unable to allocate the original prize, the substitute prize may be a combination of the prizes listed or a cash value. This may be significantly less in value. The guaranteed prize value if we do not reach the minimum number of paid entries to award the prize in full is 65% of total revenue received from sales (excluding the £0.25p administration fees that are applied at checkout per purchase not per entry) no other costs are deducted before the winner receives their prize.
Examples
Property Competition sells 58% of available entries, and the prize fund was worth £1.75m based on the sale of all 350,000 entries available at £10.00 per entry. The prize value that would be allocated would be 65% of all entry sales (excluding the £0.25p administration fees that are applied at checkout per purchase not per entry).
The sale of 58% of 350,000 entries available would be equal to 203,000 entries purchased at £10.00 per entry. Total sales would amount to £2,030,000. The winner would receive 65% of the total sales, which would be £1,319,500. Our nominated charity would receive £497,350, and the remainder would go towards our operating costs.
Lifestyle & Special Event Competition sells 58% of available entries, and the prize fund was worth £300,000 based on the sale of all 100,000 entries available at £4.50 per entry. The prize value that would be allocated would be 65% of all entry sales (excluding the £0.25p administration fees that are applied at checkout per purchase not per entry).
The sale 58% of 100,000 entries available would be equal to 58,000 entries purchased at £4.50 per entry. Total sales would amount to £261,000. The winner would receive 65% of the total sales, which would be £169,650. Our nominated charity would receive £31,973, and the remainder would go towards our operating costs.