Montana Lottery Financial Statements (Unaudited) September 30, 2005

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MUSL was created in September 1987 to operate a multi- state lottery game for the benefit of party lotteries. Powerball, Wild Card, and Hot Lotto are the games jointly operated by the members, in which Montana presently participates. Each lottery participating in MUSL is represented on the Board of Directors.
The Multi-State Lottery Receivable with a balance of $1 ,270,657 as of September 30, 2005 is comprised of several reserve accounts, which are maintained by the Multi-State Lottery Associat
...ion (MUSL). The balance of these reserve accounts is as follows: Powerball Prize Reserve Account $600,561 Powerball Unreserved Account 12,854 Powerball Set Prize Reserve Account 177,500 Wild Card Reserve Account 415,074 Hot Lotto Set Prize Reserve Account 64,668 TOTAL $1,270,657 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.

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