he contract also includes a new range of lottery equipment, including the "next-generation" Wave terminal. The contract begins August 2010, will have an initial term of six years, and will provide for four, one-year extension options. The contract was awarded after a competitive bid process with two other vendors, and base revenue to Scientific Games is expected to total approximately us$ 12 million per year.
"We have enjoyed working with the Hoosier Lottery since 1998. We are excited to remain partners and look forward to achieving sales growth with them in the coming years," said Joe Wright, Chief Executive Officer of Scientific Games. "We see this as an extremely powerful win for our Lottery Gaming System business, especially considering the strength of our competitors' bids."
"We are very pleased with our decision to continue working with Scientific Games in executing the mission and vision we have established for the Hoosier Lottery," said Kathryn Densborn, Executive Director of the Hoosier Lottery. "This new contract will allow the Hoosier Lottery to advance technologically which will provide better service to our Hoosier Lottery retailers and a better play experience to our players."