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ANNUAL REPORT
 
Click here to download the FY 2014-15 Year-End Review.

Click here for the New York Lottery Financial Summary (FY 2014-15)

 
Coming Soon:  New York Lottery Comprehensive Annual Financial Report (FY 2014-15)
 
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.