Scientific
Games has been
awarded a one-year extension of its instant ticket contract with the
Massachusetts Lottery. The extension will run from August 2006 through
August 2007 and is valued at approximately $12.5 million. As the Lottery's
primary instant ticket vendor, Scientific Games supplied approximately 95
percent of the over $3 billion of instant tickets Massachusetts sold in
Fiscal Year 2006. The terms of the contract provide for two more option
years, through August 2009, at the Lottery's discretion.
"We are pleased to retain Scientific Games as our primary instant
ticket vendor," said Tim Cahill, State Treasurer of Massachusetts. "Our
successful partnership has been a tremendous benefit to the 351 cities and
towns of the Commonwealth."
"We are delighted with this vote of confidence from the Massachusetts
Lottery, which by any measure is one of the most successful in the world,"
said Lorne Weil, Chairman and CEO of Scientific Games.
"This has been an exciting summer for the Mass. Lottery, particularly
with the successful introduction of the Red Sox Instant Ticket. We look
forward to working with Scientific Games to put forth new and exciting
games in the coming year," said Joseph C. Sullivan, Executive Director of
the Massachusetts State Lottery.
The Massachusetts Lottery produced $4.5 billion in gross revenue in
Fiscal Year 2005. A record $936 million was returned to the Commonwealth to
support critical municipal services such as fire, police and schools in the
state's 351 cities and towns. Less than two percent of revenues went toward
administrative expenses, making Massachusetts the most efficient
2006-07-05