Revenue is based on a price-per-thousand tickets basis

Scientific Games signed Texas Lottery instant ticket contract

2012-08-23
Reading time 50 seg
(US).- Scientific Games has signed a contract to supply instant ticket games and related services to the Texas Lottery Commission. It was selected following a competitive procurement process. The six-year contract, which begins on September 1, includes options for the Lottery to extend the contract for two additional three-year periods.

Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis. "Scientific Games has been a reliable and consistent supplier with whom we've produced entertaining and creative games," said Gary Grief, Executive Director of the Texas Lottery Commission. "We are pleased we can continue this relationship with Scientific Games in the hopes of returning more revenue to the state of Texas."

"Texas is the fourth largest lottery in the U.S., so this is an important contract win for us," commented Jim Trask, President of Printed Products for Scientific Games. "We are honored to be selected and are confident the instant tickets we produce together with the Texas Lottery will be of the highest standards of security and integrity."

In fiscal year 2011, the Texas Lottery generated lottery revenues of us$ 3.8 billion, of which us$ 2.8 billion was derived from instant ticket game sales, and over us$ 1 billion was contributed to support public education in Texas.

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