Las Vegas-based supplier for gaming and lottery, Scientific Games Corporation (NASDAQ :SGMS ), has secured a six-year extension from the Texas Lottery for its existing instant scratch games contract.
According to the official press release on Thursday…
The 26-year relationship between SG and the Texas Lottery is further strengthened with the contract for instant scratch games having been extended through 2024.
The multinational corporation which creates some of the world’s best gaming and lottery experiences currently supplies the lottery with a broad range of instant products such as families of games, spotlight games, new high-definition HD Games and Scratch My Back games which offer play on both sides of the ticket.
Of 16 U.S. lotteries in 2018, the Texas Lottery was the first to launch the blockbuster multi-state linked instant game from SG, Willy Wonka Golden Ticket, with the lucky winners from the state of Texas in attendance at the Billion Dollar Challenge event in Las Vegas this past spring.
Commenting on the contract extension, Executive Director for the Texas Lottery, Gary Grief, said, “The Texas Lottery recognizes the continuous innovation that Scientific Games invests to create very marketable games that are not only enjoyed by our players, but help us make important contributions to education and veterans’ assistance in our state.
“Scientific Games is a trusted business partner, and we look forward to six more years of ‘scratch’ game entertainment that has been a vital part of the Texas Lottery’s growth over many years,” added Grief.
In fiscal year 2018 alone, the Texas Lottery has contributed a total of $1.45 billion to education and veterans assistance in the state and has generated upwards of $1 billion in revenue for the Lone Star State for 15 years back-to-back and has additionally notched record sales for eight consecutive years.
For its part, SG’s Senior Vice President of Instant Products, John Schulz, said, “Scientific Games is honored to continue our longtime instant games partnership with the Texas Lottery.
“Led by an account team that is highly experienced with the Texas Lottery’s unique business and revenue requirements, our game designers are already innovating more value-added products that can help the Lottery achieve its financial goals in the coming years,” explained Schulz.
The supplier extended its contract with the Washington Lottery last month and signed similar extension deals with the Kentucky Lottery and with the Ontario Lottery and Gaming Corporation in May this year.