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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, 2007 and 2006
(In thousands)
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2007 |
2006 |
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| Operating revenue: |
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Lottery revenue, net |
$7,175,104 |
6,802,842 |
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Operating expenses: |
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Prize expense |
(3,970,739) |
(3,853,270) |
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Retailer commissions |
(595,348) |
(511,059) |
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Gaming contractor fees |
(100,554) |
(88,028) |
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Instant ticket direct expenses |
(28,095) |
(32,091) |
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Telecommunications |
(28,441) |
(28,421) |
| Total direct expenses |
(4,723,177) |
(4,512,869) |
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| Online games/jackpot marketing |
(40,706) |
(38,771) |
| Personal service and fringe benefits |
(28,315) |
(25,481) |
| Instant games marketing |
(28,477) |
(20,916) |
| All games marketing |
(14,630) |
(14,999) |
| Other administrative costs |
(13,279) |
(11,015) |
| State agency charges |
(13,208) |
(9,469) |
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Depreciation
Total indirect expenses |
(3,051)
(141,666) |
(2,487)
(123,138) |
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| Total operating expenses |
(4,864,843) |
(4,636,007) |
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| Operating income |
2,310,261 |
2,166,835 |
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| Nonoperating revenue and (expenses): |
| Investment income |
102,316 |
47,179 |
| Other revenues (expense), net |
(566) |
(143) |
| Investment expense, net |
(80,206) |
(84,492) |
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| Total nonoperating expense |
21,544 |
(37,456) |
| Income before transfers out |
2,331,805 |
2,129,379 |
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| Transfers out – contribution for aid to education |
(2,358,348) |
(2,202,619) |
| Change in net assets |
(26,543) |
(73,240) |
| Net assets beginning of year |
216,421 |
289,661 |
| Net assets end of year |
$189,878 |
216,421 |
Statements of Net Assets
March 31, 2007 and 2006
(In thousands)
| Assets |
2007 |
2006 |
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| Current assets: |
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| Cash and cash equivalents |
$375,220 |
331,317 |
| Accounts receivable |
452,094 |
451,198 |
| Instant ticket inventory |
12,119 |
10,183 |
| Investments |
179,055 |
189,237 |
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| Total current assets |
1,018,488 |
981,935 |
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Long-term investments, net |
1,081,364 |
1,165,778 |
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Other receivables
Capital assets |
29,235
15,853 |
---
8,067 |
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Total noncurrent assets
Total assets |
1,126,452
2,144,940 |
1,173,845
2,155,780 |
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| Liabilities |
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| Current liabilities: |
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| Prizes payable |
198,871 |
195,544 |
| Unclaimed prizes |
230,015 |
189,229 |
| Due to Education |
298,658 |
388,920 |
| Accounts payable and accrued liabilities |
34,796 |
17,217 |
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Other liabilities
Capital lease obligations |
23,000
4,448 |
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2,352 |
| Deferred ticket sales |
9,251 |
9,133 |
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Total current liabilities |
799,039 |
802,395 |
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| Compensated absences |
6,229 |
4,840 |
Long-term capital lease obligations
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11,557 |
5,358 |
| Long-term prizes payable |
1,138,237 |
1,126,766 |
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Total noncurrent liabilities
Total liabilities |
1,156,023
1,955,062 |
1,136,964
1,939,359 |
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| Net Assets |
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| Restricted for future prizes |
103,815 |
130,129 |
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Invested in capital assets
Unrestricted |
8,697
77,366 |
8,635
77,657 |
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| Total net assets |
$189,878 |
216,421 |
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