Montana Lottery Financial Statements (Unaudited) March 31, 1990
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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 is required to contribute... for its portion of the reserve fund accumulated since the start of the Lotto*America game. The Lottery has chosen to do so by paying an additional 2% of drawing revenue rather than making a lump sum payment. Payments made to this fund are considered a portion of the prize expense associated with the on-line game. Contributions to this fund and interest earnings as of March 31, 1990 totalled $201,424. 7 . GAMES Currently, the Montana Lottery games are instant ticket games and an on-line game referred to as Lotto*America .
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