It comprises the state's near monopoly on legal gambling together with the Israel Sports Betting Board (ISBB) (Hebrew: המועצה להסדר ההימורים בספורט).

Later on, when Mifal HaPais became a national lottery organization, its support was extended to projects in the fields of education, recreation, and the arts.

A new licensing agreement grants the Ministry of Finance broad oversight and an authority will be established to supervise all legal gambling in Israel.

The Council awards grants to artists and creators, with a stated aim to enhance cultural diversity and accessibility, especially outside central regions of Israel.

[5] The HaPais Council comprises up to 29 members, mainly artists and public officials from cultural fields, and operates through six sub-committees.