he amendment commences in April 2011 and lengthens the current contract to 2015. Revenue to Scientific Games is estimated at approximately us$ 9 million per year.
Rebecca Hargrove, President and CEO of the Tennessee Education Lottery stated, "Scientific Games has been a valued partner to the Tennessee Education Lottery since its inception in 2004, and we are pleased that this relationship will continue for four additional years. We are confident that continuing this successful partnership will enable us to grow sales and maximize dollars for the education program funded by the Tennessee Lottery."
"Hargrove and the Tennessee Lottery are one of the most advanced states in the US in the way they are expanding their lottery in order to fund education programs and they are a valuable revenue driver for the state," said Joseph Wright, CEO of Scientific Games. "We are proud to be their partner with this contract extension and look forward to a long relationship."
In 2008, the Tennessee Lottery produced us$ 796 million in instant ticket sales and returned us$ 286 million to education. Since inception in 2004, the Tennessee Lottery has raised more than us$ 1.3 billion to fund specific education programs.