State pays €570k for lottery advice

The Government has paid a firm of consultants almost €570,000 to date for advice on the awarding of the new National Lottery licence.

The sale of the licence is expected to generate between €300m and €400m in revenue for the State.

In a written Dáil reply, Public Expenditure Minister Brendan Howlin confirmed Davy Corporate Finance has received €568,875 for providing financial and commercial advice in relation to the award.