New York Lottery accounting method questioned

Lottery Post — Tue, 30 Jan 2007 23:48:57 GMT

Billions of dollars in bets are kept off the New York Lottery's books.

That's because the state Lottery Division does not publicly report the wagers on its video games that go to gamblers as prizes.

The figures aren't included in the Lottery's annual reports or audited financial statements, and the Lottery initially declined requests for the amounts wagered on the video machines, and the prizes paid, since the machines were introduced in 2004.

Late yesterday, however, a Lottery official... [ More ]