Scientific Games signs Iowa Lottery instant ticket contract

Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis.

"We have cultivated a great relationship with Scientific Games over the years, in both our lottery systems and instant ticket businesses," said Terry Rich, CEO of the Iowa Lottery Authority.  "Scientific Games has helped us to achieve back-to-back record years of instant ticket sales and we are pleased we can continue this relationship in the hopes of raising more revenues for the citizens of Iowa."

"The Iowa Lottery is well recognized as one of the most innovative and forward-looking lotteries in the U.S.," commented Jim Kennedy, President of Printed Products and Chief Marketing Officer for Scientific Games. "We are proud to be chosen by the Iowa Lottery once again and are confident the instant games we produce together will be fun and exciting, while maintaining the highest standards of security and integrity."

In fiscal year 2012, the Iowa Lottery generated lottery sales of us$ 310.9 million, of which us$ 188.8 million was derived from instant ticket game sales. Since the Lottery's start in 1985, its players have won more than us$ 2.9 billion in prizes while the Lottery has raised more than us$ 1.4 billion for state programs that benefit all Iowans.