N.Y. Tax Law § 1615: Fiscal year of lottery, reporting requirements and fiscal planning

§ 1615. Fiscal year of lottery, reporting requirements and fiscal

planning. a. All books, accounts and records of the division, relating

to the state lottery, shall be kept by fiscal years beginning on the

first day of April and ending on the thirty-first day of March next

following. The division shall separately identify the actual sales

receipts, prizes, appropriations and expenditures for advertising and

promotions, reserves and the interest thereon by type by game, and the

source and use of unclaimed prize funds by type by game on an accrual

and cash basis where both are available and on an accrual or cash basis

where both are not available.

b. The director shall submit to the director of the budget, the

chairperson of the senate finance committee and the chairperson of the

assembly ways and means committee, an annual plan detailing the

projected use of appropriations for advertising and promotions, reserves

and the interest thereon by type by game, and the source and use of

unclaimed prize funds by type by game. Such plan shall be submitted not

later than submission of the executive budget to the legislature each

year and shall be updated quarterly on or before May fifteenth, August

fifteenth and November fifteenth of any given calendar year. Such plan

shall be considered the financial plan to be followed by the division in

the subsequent fiscal year unless modified during legislative

deliberations on the state budget. Such plan or update thereto shall

include any plans for the introduction of a new game prior to its

introduction and shall be subject to subdivision a of section sixteen

hundred fourteen of this article.

c. Such plan and any update thereto shall describe the specific amount

of funds to be used to implement each element of the plan by type by

game on an accrual and cash basis where both are available and on an

accrual or cash basis where both are not available. They shall include

the intended duration of such use, the revenues expected to be generated

by such use, the actual sales, prize awards, appropriations and

expenditures for advertising and promotions, reserves and the interest

thereon, and the source and use of unclaimed prize funds by type by

game, and such other information as the director deems appropriate. Such

plan and any update thereto shall also describe an evaluation of the

previous quarterly and fiscal year-to-date losses or gains therefrom.

Such updates shall report estimated year-end balances pursuant to the

plan and adjusted estimated year-end balances based on updates to the

plan by type by game.

d. Such plan and any update thereto shall include information on the

implementation and ongoing operation of a lottery game established

pursuant to paragraph one of subdivision a of section sixteen hundred

twelve of this article. Such information shall include, but not be

limited to, a statewide and a county by county breakdown of premises

with television equipment that automatically displays the results of

such game including:

(1) the total number of such premises;

(2) the total sales of such premises;

(3) the average sales per hour of operation of such game;

(4) the average and median square footage of such premises as defined

by item (i) of subparagraph (A) of paragraph one of subdivision a of

section sixteen hundred twelve of this article;

(5) the total number of such premises and total sales by type as

defined by item (i) or (ii) of subparagraph (A) of paragraph one of

subdivision a of section sixteen hundred twelve of this article.

In addition, the nineteen hundred ninety-eight--ninety-nine annual

plan shall include an evaluation, done in conjunction with the

commissioner of mental health, of the impact of a lottery game,

established pursuant to paragraph one of subdivision a of section

sixteen hundred twelve of this article, on compulsive gambling.