Scientific Games (SGMS) Awarded Arizona Lottery Instant Ticket Contract
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Scientific Games (Nasdaq: SGMS) announced it has been awarded a primary vendor contract to supply instant tickets to the Arizona Lottery. The contract, which is expected to begin January 14, 2010, has an initial term of five years with five one-year extension options. Scientific Games was chosen in an open and competitive procurement process and revenue to Scientific Games is estimated to total approximately $2 million per year.
"Scientific Games has been our vendor since inception in 1981 and in that time our instant ticket sales have grown tremendously," said Jeff Hatch-Miller, Executive Director of the Arizona Lottery. "Earlier this year we introduced one of Scientific Games' Spotlight Games and have been extremely happy with the results. We hope to continue this tradition of growth and provide more revenue for our state during these tough economic times."
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