Montana Lottery Financial Statements (Unaudited) June 30, 2006
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The balance of these reserve accounts is as follows: Powerball Prize Reserve Account $569,500 Powerball Unreserved Account 152,309 Powerball Set Prize Reserve Account 167,500 Wild Card Reserve Account 415,074 Hot Lotto Set Prize Reserve Account 89.895 TOTAL $1,394,278 The Powerball Prize Reserve Account is to be used only in the event of an unanticipated prize claim. 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 would be returned to the Lottery one year after the Lottery leaves the Powerball game, assuming that no unanticipated prize claims have been paid. Interest earned on the Lottery's share of the fund, represented by the Unreserved Account, would be returned to the Lottery upon leaving MUSL. The amounts in the Unreserved Account may be used at the Board's discretion. 11 The Powerball Set Prize Reserve Account is used to fund prize payments for current drawings.
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