he Iowa Lottery's 2,500 retail locations will be equipped with the next-generation WAVE terminal as well as the industry's most innovative ticket checkers, peripherals and displays. The contract, which was awarded through a competitive procurement process, begins July 2011, has an initial term of seven years and includes three additional one-year contract extension options.
In addition to the Gaming System contract, the Iowa Lottery Board recently approved a second one-year extension to the Iowa Lottery's contract with Scientific Games for the production of instant tickets.
"The Iowa Lottery is well recognized as one of the most innovative and forward-looking lotteries and we are proud to continue our collaboration," said Michael R. Chambrello, President and CEO of Scientific Games. "We have cultivated a great relationship with the Iowa Lottery over the years, in both their online and instant ticket businesses, and we look forward to continuing their strong growth."
"The Board voted unanimously to award the contract for the lottery gaming systems to Scientific Games, which received the highest technical score as well as the best pricing score," said Terry Rich, CEO of the Iowa Lottery Authority.
In fiscal 2009, the Iowa Lottery generated us$ 243 million in retail sales and returned us$ 61 million to the state.