Scientific Games agrees 5 year deal with Georgia Lottery

Scientific Games agrees 5 year deal with Georgia LotteryScientific Games agrees 5 year deal with Georgia Lottery

ATLANTA, GA – In a press release issued on Monday, Scientific Games Corporation, a world leading lottery provider, announced that it had signed a new five year contract extension with the Georgia Lottery to provide scratch cards and instant win games.

The news release read as follows:

Scientific Games Corporation today announced that the Company has signed a five-year contract extension to serve as the primary vendor to supply instant tickets and related services including game design, marketing, warehousing and distribution to the Georgia Lottery Corporation. The five-year extension lengthens the current contract to 2018. Revenue to Scientific Games will continue to be based on a percentage of instant ticket retail sales.

“Our contract extension with Scientific Games provides for new technology and equipment and a continued high level of service to the Lottery and its customers,” said Georgia Lottery Corporation President and CEO Margaret DeFrancisco. “Given today’s economic climate and the need to continue developing new revenue initiatives, the timing of the extension makes good business sense to effectively maximize revenue for the HOPE Scholarship and Pre-K programs in Georgia.”

“The Georgia Lottery Corporation has grown to become one of the top performing lotteries in the world and boasts the second highest per capita instant ticket spend of any lottery,” said Jim Trask, President of the Printed Products Group for Scientific Games Corporation. “As a partner to the Georgia Lottery Corporation, we are proud of their accomplishments and we look forward to continuing these efforts to further benefit students in the state of Georgia.”

In fiscal year 2010, the Georgia Lottery Corporation generated over $3.6 billion in retail sales, of which $2.4 billion were derived from instant ticket game sales. Since 1993, the Lottery has returned more than $12 billion to fund education causes.

source: PR Newswire



Published: June 21, 2011

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