Golden Casket is the public limited lottery

Lottery

A lottery is a form of gambling which involves the drawing of lots for a prize.Lottery is outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments...

 corporation in Queensland

Queensland

Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...

 trading on ASX, Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

. It sells lottery tickets and Instant Scratch-Its tickets (scratchcard

Scratchcard

A scratchcard is a small card, often made of thin paper-based card for competitions and plastic to conceal PINs, where one or more areas contain concealed information which can...

s) through newsagent

Newsagent

A newsagent's shop , newsagency or newsstand is a business that sells newspapers, magazines, cigarettes, snacks and often items of local interest. In Britain and Australia, these businesses are termed newsagents...

s and other convenience stores. Lottery draws are televised on Channel Seven

Seven Network

The Seven Network is an Australian television network owned by Seven West Media Limited. It dates back to 4 November 1956, when the first stations on the VHF7 frequency were established in Melbourne and Sydney.It is currently the second largest network in the country in terms of population reach...

 four nights a week.

Golden Casket makes a net profit of over A$20M a year, from a turnover of over A$800M. Over A$200M is returned to the Queensland Government.

In April, 2007, the Queensland Government decided to sell off Golden Casket to the gambling company, Tattersall's Limited for $530 million, with the proceeds going to the Royal Children's Hospital. The Government will continue to retain ownership of the Queensland asset, and receive the $150 million held in reserves. Taxes will still be collected from Lotteries, however.