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Delaware State Lottery Financial Statement Audit for Fiscal Years 2020 and 2019

Report Details

Report Description: 
What Was Performed? A financial statement audit of the Delaware State Lottery for Fiscal Year 2020 and 2019 was performed. Why This Engagement? This engagement was performed in accordance with 29 Del. C. §4816 and 29 Del. C. § 2906, as amended. The Delaware Lottery was established in 1974 by legislative decree. Unlike many other state lotteries, which target their revenues for specific efforts, the Lottery’s revenue is not earmarked for any one specific cause or group. By law, the Delaware Lottery generates income for the state's General Fund. The Lottery is also legally obligated to transfer funds to Department of Health and Social Services and Department of Agriculture to accommodate for services that benefit the Lottery paid for from their programs. The General Fund is a pool of money that finances a variety of state services, such as youth education, protecting neighborhoods from crime and pollution, maintaining parks and beaches, and healthcare for families and seniors. In this way, the Delaware Lottery helps pay for services that otherwise would require additional tax dollars. The Delaware Lottery has contributed $5.4 billion to the state's General Fund since 1975 and contributed $213.9 million in FY2019 and $175.7 million in Fiscal Year 2020.
Date Issued: 
Monday, November 30, 2020
Agency Reviewed / Investigated: 
United States
Type of Report: 
Professional Standard: 

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