Some Lottery Statistics...The Hardcore Facts

Statements of Revenue, Expenses, and Changes
in Net Assets Years ended March 31, 2006 and 2005
(In thousands) 2006
2005


Operating revenue:


Lottery revenue, net
$6,802,842
6,270,487





Operating expenses:



Prize expense
(3,853,270)
(3,523,530)

Retailer commissions
(511,059)
(429,182)

Gaming contractor fees
(88,028)
(78,008)

Instant ticket direct expenses
(32,091)
(31,174)

Telecommunications
(28,421)
(29,946)

Total direct expenses (4,512,869)
(4,091,840)


Online games/jackpot marketing (38,771)
(32,555)

Personal service and fringe benefits (25,481)
(24,934)

Instant games marketing (20,916)
(20,357)

All games marketing (14,999)
(17,793)

Other administrative costs (13,502)
(12,717)

State agency charges (9,469)
(6,811)

Total indirect expenses (123,138)
(115,167)


Total operating expenses (4,636,007)
(4,207,007)


Operating income 2,166,835
2,063,480


Nonoperating revenue and (expenses):
Investment income 47,179
14,957

Other revenues (expense), net (143)
166

Investment expense, net (84,492)
(90,968)


Total nonoperating expense (37,456)
(75,845)

Income before transfers out 2,129,379
1,987,635


Transfers out – contribution for aid to education (2,202,619)
(2,062,702)

Change in net assets (73,240)
(75,067)

Net assets beginning of year 289,661
364,728

Net assets end of year $216,421
289,661



Statements of Net Assets
March 31, 2006 and 2005
(In thousands)

Assets 2006
2005




Current assets:
Cash and cash equivalents $331,317
173,901

Accounts receivable 451,198
390,806

Instant ticket inventory 10,183
11,796

Investments 189,237
199,295


Total current assets 981,935
775,798


Long-term investments, net 1,165,778
1,237,322


Other assets 8,067
10,189


Total assets 2,155,780
2,023,309


Liabilities



Current liabilities:
Prizes payable 195,544
203,601

Unclaimed prizes 189,229
210,081

Due to Education 388,920
150,289

Accounts payable and accrued liabilities 17,217
24,536

Capital lease obligations 2,352
2,276

Deferred ticket sales 9,133
9,796


Total current liabilities 802,395
600,579


Compensated absences 4,840
5,566

Long-term capital lease obligations
5,358
7,710

Long-term prizes payable 1,126,766
1,119,793


Total liabilities 1,939,359
1,733,648


Net Assets



Restricted for future prizes 130,129
150,905

Unrestricted 86,292
138,756


Total net assets $216,421
289,661

Total net assets $216,421
289,661