Scientific Games Awarded Lottery Instant Ticket Contract
It has been announced that Scientific Games Corporation has signed a three year contract with the Illinois Lottery for the supply of instant ticket games and related services. The contract took effect December 29, 2005, is valued at $19.5 million over the initial term of three years, and contains two one-year options to renew. Revenues to Scientific Games will now be based on a percentage of retail sales.
"The Illinois Lottery is one of the largest and most important in the United States," said Scientific Games Chairman and CEO Lorne Weil. "Going to a new, long-term contract is a gratifying vote of confidence in Scientific Games. We've had a great working relationship in Illinois and look forward to helping the Lottery generate even more revenue for education in the Land of Lincoln."
"Scientific Games offered the best overall proposal with the most innovative game plan, plus substantial value-added services," said Carolyn Adams, Superintendent of the Illinois Lottery. "As a Scientific Games customer we have come to expect the best in products and services."
Revenues from the Illinois Lottery are dedicated to the Illinois Common School Fund, for kindergarten through high school education. Since 1974, the lottery has contributed more than $12 billion to education in the state.