new state lottery commission of i ndiana · 2018. 11. 21. · 7 fy ô fy ô per e vtage fy ó per e...
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![Page 1: New State Lottery Commission of I ndiana · 2018. 11. 21. · 7 FY ô FY ô Per e vtage FY ó Per e vtage Atual Budget Varia ve Atual Varia ve Ree vues $ í,,,, ì ò ò $ ‐ ì](https://reader035.vdocuments.net/reader035/viewer/2022071218/605271b19771874719592c5d/html5/thumbnails/1.jpg)
State Lot tery Com m ission of I ndiana
Novem ber 1 5 , 2 0 1 8 Meet ing
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Novem ber 15, 2018
Director’s ReportDirector’s ReportSarah M. Taylor
Execut ive Director
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3Novem ber 15, 2018
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FY 2 0 1 8 I nternal Audit Results
FY 2 0 1 8 I nternal Audit Results
Carrie St roudChief of Staff
Novem ber 15, 2018
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5
FY 2 0 1 8 I nternal Audits
Sum m ary of Findings
I nternal Audit Review Areas:• Budget ing & Financial Report ing• Fixed Asset Managem ent• Gam e Account ing (Revenue Recognit ion/ Prize Expense)• Contract Com pliance• Unclaim ed Prizes
FY Co pleted I ‐Pro essHigh RiskMediu RiskLo RiskTOTAL 4
Novem ber 15, 2018
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FY 1 8 Audited Financial Report
FY 1 8 Audited Financial Report
Carrie St roudChief of Staff
Novem ber 15, 2018
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7
FY FY Per e tage FY Per e tageA tual Budget Varia e A tual Varia e
Re e ues , ,$ , ,$ ‐ . % , ,$ . %Prize E pe se , , ‐ . % , . %Ga e a d Pro ider E pe ses , , ‐ . % , . %Pro ider Net I o e PNI , , . % , . %
Ge eral a d Ad i istrati e E pe ses , , ‐ . % , ‐ . %Operati g Profit , , . % , . %
Other I o e , , . % , . %Pro ider I e ti e Pa e t , , . % ‐ . %Surplus Re e ue to the State , , . % , . %
Fair Market Value Adjust e t , ‐ . % , ‐ . %Pe sio O ligatio Adjust e t ‐ . % . %Net I o e ,$ ,$ . % ,$ . %
Financial Report - FY1 8 Audited Statem entsI ncom e Statem entFor the Year Ended June 30, 2018( I n Thousands)
Novem ber 15, 2018
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FY 1 9 Financial Report
FY 1 9 Financial Report
Carrie St roudChief of Staff
Novem ber 15, 2018
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9
FY 1 9 Net I ncom e Thresholds
PNI < MNI
PNI > MNI but <I NI
PNI > I NI
Shortfall Pay e t to Lottery
No Shortfall Pay e t to LotteryNo I ce tive Co pe satio to IGT I dia a
Lottery retai s % of Net I co e
$ . M PNI > $ M INII e ti e Co pe satio to IGT I dia a5 % to IGT I dia a/5 % to Lottery
PNI = Pro ider Net I o eMNI = Mi i u Net I o eINI = I e ti e Net I o e
Novem ber 15, 2018
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10
FY FY Per e tage FY Per e tageA tual Budget Varia e A tual Varia e
Re e ues ,$ ,$ . % ,$ . %Prize E pe se , , . % , . %Ga e a d Pro ider E pe ses , , . % , . %Pro ider Net I o e PNI , , . % , . %
Ge eral a d Ad i istrati e E pe ses , , ‐ . % , . %Operati g Profit , , . % , . %
Other I o e . % . %Pro ider I e ti e Pa e t , . % . %Surplus Re e ue to the State , , . % , . %
Fair Market Value Adjust e t ‐ ‐ . % ‐ . %Net I o e ,$ ,$ . % ,$ . %
Notes:
a) Revenues are $51.6M (12.6% ) greater than prior year and $25.5M (5.8% ) greater than Budget
b) Prize Expense is 62.9% of Revenues, com pared to 62.6% in pr ior year and 64.2% budgeted
c) Game and Provider Expenses are in- line with Budget and prior year as a percentage of Revenues (11.7% -12.4% )
d) General & Adm inist rat ive Expenses are $77k (3.7% ) greater than prior year and $342k (13.8% ) less than Budget
e) Surplus Revenue to the State is $13.2M (13.1% ) greater than prior year and $14.1M (14.1% ) greater than Budget
Financial Report - FY1 9 YTDI ncom e Statem entFor the Four Months ending October 31( I n Thousands)
Novem ber 15, 2018
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11
FY FY FYA tual Budget A tual
Re e ues I sta t Ti kets S rat h ,$ ,$ ,$ Total I sta t Ti kets , , ,
Big Ja kpot Dra Ga es Po er all , , , Hoosier Lotto , , , Mega Millio s , , , Total Big Ja kpot Dra Ga es , , ,
No ‐Ja kpot Dra Ga es Daily , , , Daily , , , Qui k Dra , , , Cash , , , EZ Mat h , SUPERBALL , , Cash Life , , , Fast Play , , , Total No ‐Ja kpot Dra Ga es , , ,
Total Re e ues ,$ ,$ ,$
Notes:
a) Scratch Revenue is $27.9M (9.6% ) greater than prior year and $12.9M (3.9% ) less than budget
b) Powerball Revenue is $7.5M (17.1% ) less than prior year and $5.1M (16.2% ) greater than budget
c) Hoosier Lot to Revenue is $2.5M (11.9% ) less than prior year and $1.6M (9.5% ) greater than budget
d) Mega Millions Revenue is $31.8M (244% ) greater than prior year and $28.7M (179% ) greater than budget
e) Non-Jackpot Draw Gam es are $1.9M (4.4% ) greater than prior year and $2.9M (7.1% ) greater than budget
Financial Report - FY1 9 YTDRevenue Breakdown( I n Thousands)
Novem ber 15, 2018
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12
FY FY Per e tage FY Per e tageFore ast Budget Varia e A tual Varia e
Re e ues , ,$ , ,$ . % , ,$ . %Prize E pe se , , . % , Ga e a d Pro ider E pe ses , , ‐ . % , . %Pro ider Net I o e PNI , , . % , ‐ . %
Ge eral a d Ad i istrati e E pe ses , , ‐ . % , . %Operati g Profit , , . % , ‐ . %
Other I o e , , . % , ‐ . %Pro ider I e ti e Pa e t , . % , ‐ . %Surplus Re e ue to the State , , . % , ‐ . %
Fair Market Value Adjust e t ‐ ‐ N/A , ‐ . %Pe sio O ligatio Adjust e t ‐ ‐ N/A ‐ . %
Financial Report - FY1 9 ForecastI ncom e Statem entFor the Twelve Month Period ending June 30( I n Thousands)
Novem ber 15, 2018
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FY 1 9 Business Plan Update
FY 1 9 Business Plan Update
Chuck TaylorDirector of Legal Affairs & Com pliance
Novem ber 15, 2018
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Scratch- off 5 Year Perform ance
Novem ber 15, 2018
$
$
$
$
$
$
$
$
$
$
$
$ $ $
Millio
s
FY FY FY FY FY
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Scratch- off 5 Year Perform ance
Novem ber 15, 2018
$
$
$
$
$
$
$
$
$
$
$
$ $ $ +
Millio
s
FY FY FY FY FY
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$%
$%
$%$
%
$%
$% $
%$%
$%
No & Later%
FY1 8 Scratch- off Sales
Novem ber 15, 2018
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Mega Millions Enhancem entOctober 2 8 , 2 0 1 7
Novem ber 15, 2018 17
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Mega Millions Enhancem ent Com parison
18
$
$
$
$
$
$
$
$
$
$
$
$
$
$
No De Ja Fe Mar Apr Ma Ju Jul Aug Sep O t
Ag. Ja
kpots
Millio
s
Dra
Sales
Millio
s
Sales Prior Sales After A g. Ja kpot Prior A g. Ja kpot After
Novem ber 15, 2018
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SponsorshipsSponsorships
Dennis RosebroughDirector of Public Relat ions
Novem ber 15, 2018
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Sponsorships
Colts
Pacers
Mad Ants
Kom ets
Circle City Classic
But ler Basketball
Fuel
Thunderbolts
Christm as Gift and Hobby
I SC Pathfinders
20Novem ber 15, 2018
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Retail Prom ot ions
21Novem ber 15, 2018
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Around The CornerAround The Corner
Flora JonesDirector of Operat ions
Novem ber 15, 2018
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On Sale: Now
23Novem ber 15, 2018
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Holiday Com m ercial
2 4Novem ber 15, 2018
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On Sale: Novem ber 1 8 th
2 5Novem ber 15, 2018
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Responsible Gam ing
26Novem ber 15, 2018
Draft
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Launching in Decem ber
27Novem ber 15, 2018
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Upcom ing 2 nd Chance Draw ings
28Novem ber 15, 2018
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$ 1 ,0 0 0 ,0 0 0 Blow out 2 nd Chance Draw ing
2 9Novem ber 15, 2018
W innerRita Grut
of Lanesville , I N
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End of Presentat ionNovem ber 15, 2018