Prize Expense definition

Prize Expense or “game prize expense” means the percentage of sales expected to be paid out as prizes by game design.
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Prize Expense means the accrued portion of net sales from all Lottery products that has been paid or obligated for the payment of prizes.
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Prize Expense means the accrued portion of net sales from all Lottery Products paid or designated to be paid out in Prizes.
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Examples of Prize Expense in a sentence

  • The Prize Expense category is expected to increase by $6.8 million, or 1.1%.

  • Prize Expense FiscalYearTotal NDPrize ExpenseTotal MUSLPrize Expense % of Gross Prizes (Since Lottery Began March 2004) Since the Lottery began through June 30, 2017: $113.8 million or 65.1% of the prize expenses were payable to North Dakota players and $60.8 million or 34.9% were payable to MUSL to fund prizes.

  • Prize Expense FiscalYearTotal NDPrize ExpenseTotal MUSLPrize Expense2016 $ 7,567,690 $ 7,089,116 ($ 440,175) $ 14,216,631(thru 2/2016 51.6% 48.4%Unaudited) Since the Lottery began through June 30, 2015: $89.6 million or 63.6% of the prize expenses were payable to North Dakota players and $51.2 million or 36.4% were payable to MUSL to fund prizes.

  • The decrease is largely driven by the softening of the instant ticket portfolio which is down 7.1% compared to budget. Slightly offsetting that decline is the small increase in Powerball and MegaMillions, up $20.2 million and $7.6 million compared to budget. Prize Expense was down $8.4 million compared to budget. Retailer commissions were expected to be higher due to the sales volume so there is a 500K positive variance.

  • Prize Expense: Totals Since Inception$159,375,522$81,132,940$(7,694,009)$232,814,453% of Gross Prizes66.30%33.70% 2022 thru Mar ‘22 Unaudited$8,037,873$4,158,496$(433,425)$11,762,944% of Gross Prizes65.90%34.10% Since the Lottery began through June 30, 2021: $159.3 million or 66.3% of the prize expenses were payable to North Dakota players and $81.1 million or 33.7% were payable to MUSL to fund prizes.

  • The cost of providing something that would offer suitable support is relatively small, starting at around £10 per month, per user (assuming five (5) devices, this equates to £600 per year).

  • The first time that New York Lottery traditional Net Sales less Prize Expense exceeds $3 billion the primary contractor will receive a one time payment of $500,000.

  • He provided the prize expenses for these games, including 2nd Chance Scratchers, 2nd Chance Draw Games and Prize Expense Savings.

  • Prize Expense FiscalYearTotal NDPrize ExpenseTotal MUSLPrize Expense% of GrossPrizes (Since Lottery Began Since the Lottery began through June 30, 2019: $137.1 million or 65.1% of the prize expenses were payable to North Dakota players and $73.6 million or 34.9% were payable to MUSL to fund prizes.

Related to Prize Expense

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Lease Expense means, with respect to any Person, for any period for such Person and its subsidiaries on a Consolidated basis, lease and rental expense accrued during such period under all leases and rental agreements, other than Capital Leases and leases of personal property, determined in conformity with GAAP.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is:

  • Covered Expense means expense incurred only for the following:

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Administrative Expense means any of the following:

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Interest Expenses means, with respect to any Person for any period, the sum, determined on a consolidated basis in accordance with GAAP, of (a) all interest expenses of such Person during such period (including interest attributable to Capital Leases) plus (b) all fees in respect of outstanding letters of credit paid, accrued or scheduled for payment by such Person during such period.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Litigation Expense means any court filing fee, court cost, arbitration fee, and each other fee and cost of investigating or defending an indemnified claim or asserting any claim for indemnification or defense under this Agreement, including Attorney’s Fees, other professionals’ fees, and disbursements. “Attorney’s Fees” include a charge for the service of in-house counsel at the market rate for independent counsel of similar experience.

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.

  • Consolidated Lease Expense means, for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined on a consolidated basis in accordance with GAAP for such period.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • REIT Expenses means (i) costs and expenses relating to the formation and continuity of existence and operation of the General Partner and any Subsidiaries thereof (which Subsidiaries shall, for purposes hereof, be included within the definition of General Partner), including taxes, fees and assessments associated therewith, any and all costs, expenses or fees payable to any director, officer, or employee of the General Partner, (ii) costs and expenses relating to any public offering and registration of securities by the General Partner and all statements, reports, fees and expenses incidental thereto, including, without limitation, underwriting discounts and selling commissions applicable to any such offering of securities, and any costs and expenses associated with any claims made by any holders of such securities or any underwriters or placement agents thereof, (iii) costs and expenses associated with any repurchase of any securities by the General Partner, (iv) costs and expenses associated with the preparation and filing of any periodic or other reports and communications by the General Partner under federal, state or local laws or regulations, including filings with the Commission, (v) costs and expenses associated with compliance by the General Partner with laws, rules and regulations promulgated by any regulatory body, including the Commission and any securities exchange, (vi) costs and expenses associated with any 401(k) plan, incentive plan, bonus plan or other plan providing for compensation for the employees of the General Partner, (vii) costs and expenses incurred by the General Partner relating to any issuing or redemption of Partnership Interests, and (viii) all other operating or administrative costs of the General Partner incurred in the ordinary course of its business on behalf of or in connection with the Partnership.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.