Tri-State Lotto Commission Teleconference Meeting
December 28, 2007
Meeting Minutes:
TRI-STATE LOTTO COMMISSION
Teleconference Meeting
Friday, December 28, 2007, 11:00 a.m.
| Present: | Richard J. Campbell, New Hampshire Lottery Commission Thomas Scala, Vermont Lottery Commission Orland McPherson, Maine Lottery Commission Rick Wisler, New Hampshire Lottery Commission Alan R. Yandow, Vermont Lottery Commission Dan Gwadowsky, Maine State Lottery Mary Cassani, Vermont Lottery Commission Carole Lacasse, Vermont Lottery Commission |
The meeting was called to order by Chair Campbell at 11:02 a.m.
The three directors met after the last Commission meeting to try to resolve the issue of expired, unclaimed prizes as it relates to the Raffle game. The Vermont Lottery checked with the Tri-State auditors, Barry, Dunn, McNeil, and the Vermont Attorney General’s Office to look at the rules that were put together for the Raffle game as well as the Tri-State Lotto Compact.
A new policy has been written – Policy No. 19 – Funding Promotional Raffle Games.
“For the purpose of funding the expenditures associated with Tri-State Lotto Commission Raffle-type promotional games, the Business Office shall first, on a weekly basis, allocate sales associated with a Raffle game to operating expenses directly related to the game (including agent commissions, vendor fees, and weekly contributions for general operating costs) per a predetermined percentage of each State’s sales, as well as to a prize pool for future payment of prizes and agent bonuses up to an amount as determined by game rules. Any excess of sales, after operating expenses, prize pool and agent bonuses have been fully funded, shall remain with the states. After tickets for a particular Raffle are no longer available for sale, any shortfall in a prize pool for a Raffle game shall be supplemented with expired, unclaimed prize money in order to fully fund the prizes.”
MOTION
A motion was made by Commissioner McPherson to adopt the above-cited Policy No. 19 – Funding Promotional Raffle Games. Motion was seconded and voted in the affirmative.
A motion to adjourn was made by Commissioner McPherson at 11:13 a.m.
Richard J. Campbell, Chair