Scientific Games' Primary Provider Contract Extended By Missouri Lottery, One Of World's Top 20 Instant Game Lotteries
The Company will continue serving as the Lottery's primary instant game provider through June 30, 2021.
LAS VEGAS and ATLANTA, April 29, 2020 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announced that the Missouri Lottery (the "Lottery") extended its existing contract for one additional year. The Company will continue serving as the Lottery's primary instant game provider through June 30, 2021. As the world's largest supplier of lottery instant games, Scientific Games currently creates and manufactures 90% of the Missouri Lottery's Scratchers. The Missouri Lottery is ranked among the Top 20 lotteries in the world (FY2019 per capita sales, La Fleur's Almanac).
Scientific Games has served as a trusted supplier to the Missouri Lottery since its inception in 1986, and was selected as the Lottery's primary instant games provider in 2011 to help drive maximum proceeds to education in the state of Missouri.
In the last nine years, the Company has worked closely with the Lottery to responsibly grow Scratchers retail sales 30%.
May Scheve Reardon, Executive Director for the Missouri Lottery, said, "We are confident that the extension of our primary instant games contract with Scientific Games sets the Missouri Lottery on a continued trajectory of responsible growth to maximize our returns to public education."
Since 1986, the Missouri Lottery has contributed more than $6.5 billion to the state of Missouri and public education. Annual Lottery contributions comprise about 4% of the state's funding for public education.
John Schulz, Senior VP Instant Products for Scientific Games, said, "As the primary Scratchers supplier to the Missouri Lottery, we look forward to continuing our good work together. Our teams work hand-in-hand with the Lottery's teams so we are fully aligned on business objectives and can stay one step ahead of market demand for the highest performing games that entertain Missourians."
U.S.-based Scientific Games launched the world's first secure retail instant game in 1974, and the Company's products represent more than 70% of instant game retail sales globally.
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.
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Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
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