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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, 2009 and 2008(In thousands)
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2009 |
2008 |
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| Operating revenue: |
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Lottery revenue, net |
$7,660,145 |
$7,548,465 |
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Operating expenses: |
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Prize expense |
(4,003,267) |
(3,952,761) |
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Retailer commissions |
(839,312) |
(708,514) |
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Gaming contractor fees |
(126,479) |
(120,887) |
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Instant ticket direct expenses |
(32,755) |
(28,160) |
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Telecommunications |
(28,109) |
(28,013) |
| Total direct expenses |
(5,029,922) |
(4,838,335) |
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| Online games/jackpot marketing |
(39,758) |
(41,812) |
| Personal service and fringe benefits |
(31,227) |
(28,606) |
| Instant games marketing |
(27,676) |
(25,277) |
| All games marketing |
(13,513) |
(14,667) |
| Other administrative costs |
(11,678) |
(12,189) |
| State agency charges |
(1,710) |
(3,461) |
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Depreciation Total indirect expenses |
(4,599)
(130,161) |
(4,654)
(130,666) |
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| Total operating expenses |
(5,160,083) |
(4,969,001) |
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| Operating income |
2,500,062 |
2,579,464 |
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| Nonoperating revenue (expenses): |
| Investment income |
123,909 |
175,035 |
| Other expense, net |
(271) |
(40,104) |
| Investment expense, net |
(75,512) |
(74,804) |
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| Total nonoperating expense |
48,126 |
60,127 |
| Income before required allocation |
2,548,188 |
2,639,591 |
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| Required Allocation For Aid To Education |
(2,543,950) |
(2,556,135) |
| Change in net assets |
4,238 |
83,456 |
| Net assets beginning of year |
273,334 |
189,878 |
| Net assets end of year |
$277,572 |
273,334 |
Statements of Net Assets
March 31, 2009 and 2008
(In thousands)
| Assets |
2009 |
2008 |
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| Current assets: |
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| Cash and cash equivalents |
$43,947 |
105,361 |
| Accounts receivable |
480,213 |
472,367 |
| Instant ticket inventory |
12,340 |
9,989 |
| Investments |
185,859 |
185,429 |
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| Total current assets |
772,449 |
773,146 |
Noncurrent assets: |
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Long-term investments, net |
1,375,670 |
1,307,544 |
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Capital assets |
6,818 |
11,257 |
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Total noncurrent assets
Total assets |
1,382,488
2,104,937 |
1,318,801
2,091,947 |
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Liabilities |
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| Current liabilities: |
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| Prizes payable |
184,703 |
189,792 |
| Unclaimed prizes |
189,248 |
223,978 |
| Due to Education |
175,714 |
175,735 |
| Accounts payable and accrued liabilities |
20,718 |
27,004 |
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Capital lease obligations |
2,673 |
4,531 |
| Deferred ticket sales |
12,301 |
14,688 |
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Compensated absences |
1,283 |
1,216 |
| Total current liabilities |
586,640 |
636,944 |
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Noncurrent liabilities:
Compensated absences
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305 |
291 |
| Long-term capital lease obligations |
4,222 |
6,895 |
| Long-term prizes payable |
1,236,198 |
1,174,483 |
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Total noncurrent liabilities
Total liabilities |
1,240,725
1,827,365 |
1,181,669
1,818,613 |
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| Net Assets |
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| Restricted for future prizes |
72,026 |
110,008 |
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Invested in capital assets, net of related debt
Unrestricted |
(77)
205,623 |
(169)
163,495 |
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| Total net assets |
$277,572 |
273,334 |
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