Scientific Games Corporation has been given a contract extension to its existing deal with the Louisiana Lottery Corporation to provide instant products and services to the Lottery for an additional five years. The Lottery may extend the contract for five additional one-year terms thereafter.
The game developer has supplied the Louisiana Lottery with instant products since 2005. Under the company’s current contract, the Lottery’s annual fiscal instant game sales increased by more than 40 percent from 2010 to 2018.
“Scientific Games has proven to be a trusted partner and provider of instant games to the Louisiana Lottery,” said Louisiana Lottery president Rose Hudson. “We have worked together successfully to maximize profits for K-12 public education in Louisiana. The Louisiana Lottery is very proud to rank second in the US for percentage of lottery revenue transferred to the state.”
“We take great pride in providing long-time, strategic business support to the Louisiana Lottery, helping them responsibly increase funds for their state beneficiaries,” said John Schulz, senior vice president, instant products for Scientific Games. “We look forward to continuing to provide Louisiana players with exciting and innovative instant games that support K-12 public education in Louisiana, as well as the Louisiana Department of Health and Hospitals-Office of Behavioral Health’s problem gambling programs.”
In the 2018 financial year, the Louisiana Lottery transferred more than $171.9m to the state treasury, bringing cumulative contributions to more than $3.5bn. Fiscal year 2018 state transfers were up $12.7m from 2017 and exceeded budget by $17.7m. The Lottery ranks second among state lotteries in percent of revenue transferred to its government. By law, at least 35 percent of Lottery proceeds are transferred to the state treasury and dedicated for K-12 public education. Roughly 53.7 percent of sales fund prizes, 5.6 percent is paid to retailers and less than six per cent is used to operate the Lottery.