Montana Lottery Financial Statements (Unaudited) June 30, 1991
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It is an insurance fund intended to protect the member lotteries against the liability that could result from a system failure at one of the member lotteries. All money paid to this fund, as well as the interest earned on the Lottery's share of the fund, would be returned to the Lottery upon leaving MUSL (assuming that no unanticipated prize claims have been paid). The Lottery contributes to the reserve fund through the 45% set-aside for prizes. In addition the Lottery was required to contribut...e for its portion of the reserve fund accumulated since the start of the Lotto*America game. The Lottery made this payment in full as of June 1990, through an additional 2% of drawing revenue rather than making a lump sum payment. Payments made to the reserve fund are considered a portion of the prize expense associated with the on-line game. Contributions to this fund total $489,825, interest earnings equal $52,984 for a total of $542,809 as of June 30, 1991. 7 . GAMES Currently, the Montana Lottery games are instant ticket games and two on-line game referred to as Lotto*America and Montana Ca$h.
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