Scientific Games (SGMS) Announces Massachusetts Lottery Extends Primary Instant Games Contract
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Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announced today that its nearly 30-year collaboration with the Massachusetts Lottery ("Lottery") will continue another year through an extension of its existing contract as primary instant game provider. The Company designs and produces instant games and provides marketing services for the Lottery, perennially ranked first in the world for instant game per capita sales (La Fleur's Almanac). Celebrating five straight years of record-breaking instant game sales, the Massachusetts Lottery has increased sales 19 percent in the product category since 2010 through its work with Scientific Games.
Michael Sweeney, Executive Director of the Massachusetts Lottery, said, "The incredible success we have had over the years with instant games is the result of team work between the Lottery, Scientific Games and our network of retail partners across the state. Through this extension of our work with Scientific Games, we are moving forward with the Lottery's mission to grow retail sales and deliver funding to every city and town in the state."
The Lottery recently announced $986.9 million in net profits in FY2016 to benefit the Commonwealth of Massachusetts, the largest sum in its history. Instant games represented 69 percent of the Lottery's retail sales in FY2016.
John Schulz, Senior Vice President Instant Products for Scientific Games, said, "We are extremely proud of what we have accomplished together. The Massachusetts Lottery is the best in the world when it comes to instant game sales. Many of the lottery industry's best practices have been created and fine-tuned through our work in Massachusetts. We could not be more honored to be a part of this legendary success."
Scientific Games creates the games that account for 76 percent of instant game retail revenues in the U.S. The Company supplies 23 of the world's top 25 lotteries ranked by instant game per capita sales. Scientific Games developed the world's first secure instant game in 1974. Today, with operations on six continents, the Company provides lottery games, services, systems and retail technology to more than 150 lotteries globally.
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