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Find out how New York Lottery dollars are spent on education and special promotions in the state and in your area.
| Education Promotions |
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| Where the Money Goes |
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| Allocations to School Districts |
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| New York Lottery Financial Summary |
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Statements of Revenue, Expenses, and Changes
in Net Assets Years ended March 31, 2010 and 2009(In thousands)
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2010 |
2009 |
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| Operating revenue: |
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Lottery revenue, net |
$7,818,316 |
$7,660,145 |
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Operating expenses: |
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Prize expense |
(3,951,226) |
(4,003,267) |
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Retailer commissions |
(875,430) |
(839,312) |
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Gaming contractor fees |
(133,587) |
(126,479) |
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Instant ticket direct expenses |
(28,575) |
(32,755) |
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Telecommunications |
(24,485) |
(28,109) |
| Total direct expenses |
(5,013,303) |
(5,029,922) |
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| Online games/jackpot marketing |
(49,443) |
(39,758) |
| Personal service and fringe benefits |
(30,663) |
(31,227) |
| Instant games marketing |
(25,988) |
(27,676) |
| All games marketing |
(10,983) |
(13,513) |
| Other administrative costs |
(11,362) |
(11,678) |
| State agency charges |
(1,540) |
(1,710) |
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Depreciation Total indirect expenses |
(2,851)
(132,830) |
(4,599)
(130,161) |
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| Total operating expenses |
(5,146,133) |
(5,160,083) |
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| Operating income |
2,672,183 |
2,500,062 |
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| Nonoperating revenue (expenses): |
| Investment income |
(40,024) |
123,909 |
| Other expense, net |
(298) |
(271) |
| Investment expense, net |
(74,205) |
(75,512) |
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| Total nonoperating expense |
(114,527) |
48,126 |
| Income before required allocation |
2,557,656 |
2,548,188 |
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| Required Allocation For Aid To Education |
(2,666,381) |
(2,543,950) |
| Change in net assets |
(108,725) |
4,238 |
| Net assets beginning of year |
277,572 |
273,334 |
| Net assets end of year |
$168,847 |
277,572 |
Statements of Net Assets
March 31, 2010 and 2009
(In thousands)
| Assets |
2010 |
2009 |
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| Current assets: |
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| Cash and cash equivalents |
$153,220 |
43,947 |
| Accounts receivable |
417,233 |
480,213 |
| Instant ticket inventory |
9,796 |
12,430 |
| Investments |
160,852 |
185,859 |
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| Total current assets |
741,101 |
772,449 |
Noncurrent assets: |
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Long-term investments, net |
1,323,051 |
1,375,670 |
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Capital assets |
3,967 |
6,818 |
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Total noncurrent assets
Total assets |
1,327,018
2,068,119 |
1,382,488
2,104,937 |
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Liabilities |
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| Current liabilities: |
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| Prizes payable |
183,472 |
184,703 |
| Unclaimed prizes |
281,482 |
189,248 |
| Due to Education |
139,385 |
175,714 |
| Accounts payable and accrued liabilities |
12,800 |
20,718 |
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Capital lease obligations |
2,062 |
2,673 |
| Deferred ticket sales |
11,239 |
12,301 |
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Compensated absences |
1,284 |
1,283 |
| Total current liabilities |
631,724 |
586,640 |
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Noncurrent liabilities:
Compensated absences
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562 |
305 |
| Long-term capital lease obligations |
1,810 |
4,222 |
| Long-term prizes payable |
1,265,176 |
1,236,198 |
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Total noncurrent liabilities
Total liabilities |
1,267,548
1,899,272 |
1,240,725
1,827,365 |
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| Net Assets |
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| Restricted for future prizes |
79,119 |
72,026 |
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Invested in capital assets, net of related debt
Unrestricted |
95
89,633 |
(77)
205,623 |
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| Total net assets |
$168,847 |
277,572 |
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