Scientific Games awarded Vermont Lottery primary instant ticket contract

Scientific Games of New York (Nasdaq: SGMS) announced it has been selected as the primary vendor to supply instant tickets for the Vermont Lottery, upon completion of an open and competitive procurement process. The contract, which is expected to begin January 16, 2010, has an initial term of two years with two one-year extension options. Revenue to Scientific Games is based on a price per thousand and is estimated to total approximately $1 million per year.
"We have enjoyed working with the Vermont Lottery and we are glad to remain partners," said Joe Wright, CEO of Scientific Games. "The Vermont Lottery, which recently celebrated its 30(th) anniversary, has done a great job over the years growing its instant ticket sales and returning more to the State's education fund and we are gratified to continue to be a part of it."
"We are pleased with our decision to continue working with Scientific Games," said Alan Yandow, Executive Director of the Vermont Lottery. "Our instant ticket sales now represent over 70% of our total lottery retail sales. To that end, we are looking forward to Scientific Games helping us reach a higher level of sales, so that we may increase our contribution to the Vermont Education Fund."
In fiscal year 2008, the Vermont Lottery generated $102 million in retail sales, of which nearly 76% was from instant ticket sales, and returned $22.5 million to the Vermont Education Fund.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site atwww.scientificgames.com.
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Source: Scientific Games. NEW YORK, Aug. 20 /PRNewswire-FirstCall/ --