RETAILER MANUAL

WISCONSIN LOTTERY - Retailer Wilottery WISCONSIN LOTTERY - Retailer Wilottery

wilottery.com
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01.09.2015 Views

Reports Explanation of Terminology The Lottery billing period is Sunday through Saturday. The Weekly Billing Invoice Report prints out automatically every Sunday morning. You may also go to REPORTS, BILLING at any time to get any of the last 52 weeks of Billing Reports. Here is an explanation of terms on the Billing Invoice to assist you with your Lottery accounting. Lotto Sales, Total Lotto Sales This amount should equal your cash register Lotto sales. You may want to use two separate cash register keys. One to ring up Lotto sales and one for Instant Scratch ticket sales. Lotto Sales, Lotto Commission 5.5% You receive 5.5% commission on the total Lotto sales. Lotto Sales, Net Lotto Net Lotto is sales less your commission. 94.5 cents of each $1 ticket sold goes to Lottery prizes, administration and for property tax relief. Instant Orders Includes Pull-Tabs and Instant Scratch tickets delivered that week. Retail Value: Instant Scratch Tickets and Cross Validated Pull-tab Tickets. Retail value is the actual cost of the Instant Scratch tickets before commission is deducted. The Lottery will credit you for all prizes $599 or less that you pay out. Pull-Tab Tickets, Non-Cross Validated, Retail value is the actual cost of the tickets before commission and the value of all prizes you will payout. The value of the prizes to be paid out is identified as GLEPS (guaranteed low end prizes). You are responsible for paying out all prizes on Non-Cross Validated Pull-Tab Tickets. Commission and the value of all prizes have been deducted from the cost of the pack. Players must cash Non-Cross Validated Pull-Tab Tickets at the location where they were purchased. Instant Orders, Instant Commission 6.25% You receive 6.25% commission on the retail value of all tickets you order. 4/13/2015 54

Reports BILLING REPORT Explanation of Terminology, Continued Net Instant Orders Billed amount less your commission. Instant Returns Instant returns is a credit (cost before commission) issued for returned packs of Instant Scratch or Cross Validated Pull-Tab tickets. Full unopened packs may be returned at any time. Partial packs may be returned during a Game End or when discontinuing Lottery sales. Opened packs of Non Cross Validated pull tabs are not returnable. Cashes, Lotto Game Cashes Cashes are credit for prizes paid on Lotto tickets. This includes prizes up to $599. Retailers are asked to cash prizes up to $599. If circumstances prevent you from cashing prizes to this level please post your payment policy for players. Cashes, Instant Cashes - High Tier This credit is for Instant Scratch tickets cashed by you from $50 to $599. These tickets could be tickets you sold or sold by another retailer. The Lottery credits you for all prizes paid out regardless of where they were purchased. Cashes, Instant Cashes – Low Tier This is a credit for Instant Scratch tickets cashed by you and the prize is under $50. The Lottery credits you for all prizes paid out regardless of where they were purchased. Cashes, Net Cashes This is the net of all Lotto and Instant Scratch tickets cashed. RPP - Winning Ticket This is a credit line. You receive an incentive payment of 2% of any ticket you sell with a prize of $600 or greater. Subject to Retailer Performance Program guidelines. Adjustments Adjustments are any manual adjustment to your account by the Lottery. This includes unreadable ticket credit and the $25 every three year licensing renewal fee. 4/13/2015 55

Reports<br />

BILLING REPORT<br />

Explanation of Terminology, Continued<br />

Net Instant Orders Billed amount less your commission.<br />

Instant Returns<br />

Instant returns is a credit (cost before commission) issued for returned packs of<br />

Instant Scratch or Cross Validated Pull-Tab tickets. Full unopened packs may be<br />

returned at any time. Partial packs may be returned during a Game End or<br />

when discontinuing Lottery sales. Opened packs of Non Cross Validated pull<br />

tabs are not returnable.<br />

Cashes, Lotto Game Cashes<br />

Cashes are credit for prizes paid on Lotto tickets. This includes prizes up to $599.<br />

Retailers are asked to cash prizes up to $599. If circumstances prevent you from<br />

cashing prizes to this level please post your payment policy for players.<br />

Cashes, Instant Cashes - High Tier<br />

This credit is for Instant Scratch tickets cashed by you from $50 to $599. These<br />

tickets could be tickets you sold or sold by another retailer. The Lottery credits<br />

you for all prizes paid out regardless of where they were purchased.<br />

Cashes, Instant Cashes – Low Tier<br />

This is a credit for Instant Scratch tickets cashed by you and the prize is under<br />

$50. The Lottery credits you for all prizes paid out regardless of where they were<br />

purchased.<br />

Cashes, Net Cashes<br />

This is the net of all Lotto and Instant Scratch tickets cashed.<br />

RPP - Winning Ticket<br />

This is a credit line. You receive an incentive payment of 2% of any ticket you<br />

sell with a prize of $600 or greater. Subject to Retailer Performance Program<br />

guidelines.<br />

Adjustments<br />

Adjustments are any manual adjustment to your account by the Lottery. This<br />

includes unreadable ticket credit and the $25 every three year licensing<br />

renewal fee.<br />

4/13/2015 55

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