Lottery generates $344M for state general fund

PROVIDENCE – The Rhode Island Lottery generated $344.7 million for the state’s general fund during fiscal 2010, according to the lottery’s audited financial statements.
The figure represented an increase of $400,000 over fiscal 2009, the lottery said in a statement.
Lottery sales for the year ended June 30, 2010 were $2.8 billion, with video lottery comprising $2.5 billion. Total prizes paid approximated $2.2 billion. The lottery’s operating expenses totaled about $8.4 million for 2010.
According to a statement from the lottery, the audit report also includes recommendations to enhance the lottery’s monitoring and assessment of compliance with its information-systems policies over the operation of games. &#8226