New Mexico Lottery Authority For Revenue …

New Mexico Lottery Authority For

Revenue Stabilization and Tax Policy Committee

December 18, 2014

Mission Statement

Maximize revenues for education by conducting a fair and honest lottery for the entertainment of the public.

New Mexico Lottery Authority 4511 Osuna Rd. NE

Albuquerque, NM 87109 Or Mailing

P.O. Box 93130 Albuquerque, NM 87199-3130

505-342-7600 1-800-642-6689

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NET SALES Instant ticket sales Powerball sales Mega Millions sales Roadrunner Cash sales Monopoly Millionaires' Club sales*** Hot Lotto sales Pick 3 sales Lucky Numbers Bingo sales*** Quickster sales Retailer fees Bad debts

Total operating revenues

NON-OPERATING REVENUES Interest income Other income

FY 2015 Original Annual

Budget*

$ 71,893,000 37,859,200 8,994,900 6,992,800

2,992,800 4,988,800 4,195,700 3,396,300 1,498,500

12,000 (24,000)

142,800,000

24,000 -

FY 2014

Consolidated Income Statement**

$

69,804,813

34,027,555

13,410,732

8,592,684

5,700,311 3,828,187

638,322

22,453 -

136,025,057

18,753 13,604

Total non-operating revenues

24,000

32,357

GROSS REVENUES

142,824,000

136,057,414

? *FY 2015 Consolidated Original Annual Budget approved on May 6, 2014.

? **FY 2014 financial audit completed. The audit report not released.

? ***New lottery games being launched during second quarter of FY 2015.

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GAME EXPENSES

Prize expense Retailer commissions

On-line vendor fees

Advertising

Ticket vendor fees

Retailer equipment

Promotions Shipping and postage

Drawing game

Responsible gaming

Game membership

Total game expenses

FY 2015

FY 2014

Original Annual Budget*

77,125,000 9,511,000 2,296,000

Consolidated Income Statement**

74,060,246 8,782,855 2,177,205

OPERATING EXPENSES

Salaries, wages and benefits

Leases and insurance Utilities and maintenance Depreciation and amortization

2,500,000 1,400,000

297,000 291,000 414,000 140,000

75,000 81,000

2,267,772 1,188,107

345,786 221,036 335,679 102,880

83,050 43,718

Professional fees

Other expenses

Materials and supplies

Travel Operational reserve fund Total operating expenses

OPERATING INCOME

NET INCOME

$94,130,000

$89,608,334

FY 2015

Original Annual Budget*

FY 2014

Consolidated Income Statement**

4,085,000 437,000 455,000 287,000 206,000 115,000 121,000 140,000 -

5,846,000 42,824,000

$ 42,848,000 $

3,726,941 423,932 448,166 188,505 186,035 69,711 135,260 61,980 267,000

5,507,530 40,909,193

40,941,550

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GROSS REVENUES

FY 2007

FY 2008

$ 148,793,062 $ 147,807,335

FY 2009 $ 142,564,565

FY 2010 $ 143,605,806

Total Salaries and

Wages

$

Salaries and Wages % to Gross Revenues

Change in Salaries and Wages from Prior Fiscal Year

Average Number of Employees

TOTAL

OPERATING EXPENSES $

Operating Expense % to Gross Revenues

2,688,945 $ 2,563,597

1.81%

1.73%

$

(125,348)

68

52.5

5,781,829 $ 5,272,119

3.89%

3.57%

$

2,716,754

1.91%

$

153,157

55

$

5,393,674

3.78%

$ 2,621,468 1.83%

$

(95,287)

55

$ 5,010,629 3.49%

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