he six year contract with an option for two additional two-year renewals will begin in July 1st 2010 and will also include Intralot managing the Vermont Lottery’s associated gaming products, retailer network, and support services.
Vermont will receive an upgraded Lottery system and equipment thanks to Intralot’s state-of-the-art telecommunications system that will connect its cutting-edge terminals in 700 POS throughout the State to Intralot’s Lotos O/S Central System, enabling secure and reliable transactions.
Since the sale of the first ticket in February 1978, the Vermont Lottery has produced more than us$ 1.5 billion in overall sales, allowing the Lottery to significantly contribute to various state causes. Since the Lottery’s inception, us$ 941 million has been returned to players in the form of prizes.
More than us$ 86 million has been invested into Vermont’s local communities and to local Lottery agents in the form of commissions and over us$ 410 million has gone to the State of Vermont Education Fund. The Vermont Lottery is committed to contributing all proceeds to the Education Fund, while strongly emphasizing the importance of responsible gaming.
The Director of the Vermont Lottery, Alan Yandow, stated: “We look forward to a strong, mutually beneficial partnership with Intralot. In the coming years, change in the lottery industry will move very fast, and we anticipate our working relationship with Intralot will assist us in making those changes, and increase our contribution to the Vermont Education Fund.”
Intralot CEO, Constantinos Antonopoulos, commented: “We are proud to be selected by the Vermont Lottery as the preferred bidder to run the Lottery for the next decade. Only a few weeks after our agreement with the New Hampshire Lottery, and a few months after our two latest contracts in Louisiana and Ohio, Intralot ratifies its commitment to expand dynamically in the US market. The firm will offer the Vermont Lottery advanced and fully integrated services that will support the Lottery towards its goal to increase its contribution to the general welfare of the citizens of Vermont. We are really looking forward to a fruitful cooperation.”
Intralot President & CEO, Tom Little, added: “We are excited about the opportunity to work with Vermont and will build a strong partnership that will make an impact on the state and its citizens. I am also very proud of the commitment within the Intralot family. Our team understands the importance of working hard to provide services that ultimately help improve Lotteries. Vermont will benefit from the dedication and hard work that is exemplified within our company each and every day.”