Please be advised that the Lottery Bureau will be changing the settlement terms for Instant Tickets. Effective with the Lottery week beginning December 30, 2014 we will be changing the time settlement for Printed Products (Instant tickets, Insta Tabs and Pull Tabs) from 45 to 90 days from Activation. The 90% validation settlement component remains unchanged.
The benefit to your business is that these longer time settlements will delay your payment to the Lottery for slower moving product resulting in improved cash flow. You should see an increase in the amount of product liability you are carrying which will be reflected on the chain inventory reports that the Lottery provides. Contact your District Sales Representative if you have questions.
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