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ANNUAL REPORT
 
Click here to download the FY 2015-16 Year-End Review.

Click here for the New York Lottery Financial Summary

Click here for the New York Lottery Comprehensive Annual Financial Report

 
NEW YORK LOTTERY FINANCIAL SUMMARY FY 2015-16.
Statements of Revenue, Expenses, and Changes in Net Position Years ended March 31, 2016 and 2015 (In thousands)
 
 

2016

2015

Operating revenue:

Lottery revenue, net

$9,690,511

$9,156,336

Operating expenses:

Prize expense

(4,629,657)

(4,396,853)

Retailer commissions

(1,346,488)

(1,282,568)

Gaming contractor fees

(227,116)

(219,731)

Instant ticket direct expenses

(22,970)

(20,566)

Telecommunications

(18,492)

(17,827)

Total direct expenses

(9,244,723)

(5,937,545)

Marketing and advertising expense

(85,620)

(75,812)

Personal service and fringe benefits

(32,177)

(28,883)

Other administrative costs

(5,273)

(11,443)

State agency charges

(5,725)

(4,441)

Depreciation

==

==

Total indirect expenses

(128,795)

(120,579)

Total operating expenses

(6,373,518)

(6,058,124)

 
Operating income

3,316,993

3,098,212

Nonoperating revenue (expenses):

Investment income

49,542

148,914

Other revenue (expense), net

2,102

8,982

Investment expense, net

(58,332)

(62,443)

Total nonoperating revenue (expense)

(6,688)

95,453

Income before required allocation

3,310,305

3,193,665

Required allocation for aid to education

(3,301,780)

(3,110,570)

Change in net position

8,525

83,095

Net position beginning of year

392,983

309,888

Net position end of year

$401,508

$392,983

 
Statements of Net Position
March 31, 2016 and 2015 (In thousands)

 

 

Assets

2016

2015

Current assets:

Cash and cash equivalents

$724,407

490,819

Accounts receivable

455,443

526,292

Instant ticket inventory

10,273

10,704

Investments

99,667

112,255

Total current assets

1,289,790

1,140,070


Noncurrent assets:

Long-term investments, net

1,421,189

1,497,026

Capital assets

==

==

Total noncurrent assets

1,21,189

1,497,026

Total assets

2,710,979

2,637,096

Liabilities

Current liabilities:

Prizes payable

130,207

138,019

Unclaimed prizes

582,709

577,253

Due to Education

346,081

213,309

Accounts payable and accrued liabilities

8,422

26,978

Deferred ticket sales

9,813

9,714

Compensated absences

1,157

1,464

Total current liabilities

1,078,389

966,737

Noncurrent liabilities:

Compensated absences

134

120

Long-term prizes payable

1,226,840

1,277,256

Total noncurrent liabilities

1,231,524

1,277,376

Total liabilities

2,309,913

2,244,113

 
Restricted for future prizes

156,955

138,995

Investment in capital assets

==

==

Unrestricted

244,553

253,988

Total net position

$401,508

392,983

 

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, 2016 and 2015 can be downloaded here or requested by emailing us.