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<h1>Deemed values for lottery tickets and betting claims: tickets 100/140 or notified price; bets 100% under Lotteries Rules</h1> The provision prescribes deemed values for supplies of lotteries, betting, gambling and horse racing regardless of other valuation rules: the value of a lottery ticket is fixed at 100/140 of the face value or the price notified by the organising State, whichever is higher, with 'organising State' as defined by the Lotteries (Regulation) Rules; the value of an actionable claim representing a chance to win in betting, gambling or horse racing at a race club is 100% of the face value of the bet or the amount paid into the totalisator.