|
|
|
|
Financial Reports
ANNUAL REPORT
Click here to download the FY 2015-16 Year-End Review.
Click here for the New York Lottery Financial Summary (FY 2014-15)
Coming Soon: New York Lottery Financial Summary (FY 2015-16) and
New York Lottery Comprehensive Annual Financial Report (FY 2015-16)
NEW YORK LOTTERY FINANCIAL SUMMARY FY 2014-15.
Statements of Revenue, Expenses, and Changes in Net Position Years ended March 31, 2015 and 2014(In thousands)
| |
2015
|
2014
|
|
Operating revenue:
|
|
Lottery revenue, net
|
$9,156,336
|
$9,226,490
|
|
Operating expenses:
|
|
Prize expense
|
(4,396,853)
|
(4,407,924)
|
|
Retailer commissions
|
(1,282,568)
|
(1,290,202)
|
|
Gaming contractor fees
|
(219,731)
|
(219,745)
|
|
Instant ticket direct expenses
|
(20,566)
|
(18,871)
|
|
Telecommunications
|
(17,827)
|
(21,357)
|
| Total direct expenses |
(5,937,545)
|
(5,958,099)
|
| Marketing and advertising expense |
(75,812)
|
(89,779)
|
| Personal service and fringe benefits |
(28,883)
|
(32,343)
|
| Other administrative costs |
(11,443)
|
(8,465)
|
| State agency charges |
(4,441)
|
(2,784)
|
| Depreciation |
--
|
(5)
|
| Total indirect expenses |
(120,579)
|
(133,376)
|
|
Total operating expenses
|
(6,058,124)
|
(6,091,475)
|
| |
| Operating income |
3,098,212
|
3,135,015
|
|
Nonoperating revenue (expenses):
|
| Investment income |
148,914
|
(35,364)
|
| Other revenue (expense), net |
8,982
|
1,340
|
| Investment expense, net |
(62,443)
|
(70,893)
|
| Total nonoperating revenue (expense) |
95,453
|
(104,917)
|
| Income before required allocation |
3,193,665
|
3,030,098
|
| Required allocation for aid to education |
(3,110,570)
|
(3,172,958)
|
| Change in net position |
83,095
|
(142,860)
|
| Net position beginning of year |
309,888
|
452,748
|
| Net position end of year |
$392,983
|
309,888
|
Statements of Net Position
March 31, 2015 and 2014 (In thousands)
| Assets |
2015
|
2014
|
|
Current assets:
|
| Cash and cash equivalents |
$490,819
|
515,992
|
| Accounts receivable |
526,292
|
479,000
|
| Instant ticket inventory |
10,704
|
9,141
|
| Investments |
112,255
|
126,915
|
| Total current assets |
1,140,070
|
1,131,048
|
|
Noncurrent assets:
|
|
Long-term investments, net
|
1,497,026
|
1,412,495
|
|
Capital assets
|
--
|
--
|
|
Total noncurrent assets
|
1,497,026
|
1,412,495
|
|
Total assets
|
2,637,096
|
2,543,543
|
|
Liabilities
|
|
Current liabilities:
|
| Prizes payable |
138,019
|
159,746
|
| Unclaimed prizes |
577,253
|
471,181
|
| Due to Education |
213,309
|
251,558
|
| Accounts payable and accrued liabilities |
26,978
|
41,501
|
| Deferred ticket sales |
9,714
|
9,487
|
|
Compensated absences
|
1,464
|
1,487
|
| Total current liabilities |
966,737
|
934,960
|
|
Noncurrent liabilities:
|
| Compensated absences |
120
|
314
|
| Long-term prizes payable |
1,277,256
|
1,298,381
|
| Total noncurrent liabilities |
1,277,376
|
1,298,695
|
| Total liabilities |
2,244,113
|
2,233,655
|
| |
| Restricted for future prizes |
138,995
|
150,194
|
| Investment in capital assets |
--
|
--
|
| Unrestricted |
253,988
|
159,694
|
| Total net position |
$392,983
|
309,888
|
| |
The New York Lottery's financial statements are audited by KPMG, LLP. These schedules do not represent complete financial statements of the New York Lottery. Complete financial statements include required statements and footnotes which are an integral part of the financial statements. A copy of the Lottery's audited financial statements for the years ended March 31, 2015 and 2014 can be downloaded here or requested by emailing us.
|
|
|
|
|
|
Home
Lottery Locator 
