Lottery News

New York-listed supplier International Game Technology (IGT) has signed a contract extension with the Texas Lottery which will see it continue providing lottery technology and services through to 2026.

The six-year extension, which runs until August 31st 2026, was signed through the company’s subsidiary IGT Global Solutions Corp, and continues a collaboration that goes back to the lottery's start-up in 1992.

"We welcome the opportunity to extend our longstanding partnership with the Texas Lottery," said Jay Gendron, IGT senior vice president for WLA North America Lottery. "The Texas Lottery is a highly-regarded organization raising more than $25 billion for good causes since it began selling lottery tickets in 1992.

“We look forward to continuing to support the Texas Lottery over the next decade and help them to maximize contributions to Texas' public education and veterans' programs."

IGT will continue to provide the Texas Lottery with lottery central systems, data centre operations, field sales organization, retail equipment and support, as well as warehouse and distribution, call centre, and marketing services.

"This is good government and a testament to the lottery's strong contract monitoring and compliance work,” said Texas Lottery Commission chairman J Winston Krause. “The contract extension positions us to continue to produce record revenue for Texas education and veterans while being smart, responsible stewards of state funds.

"We appreciate the outstanding job IGT has performed as the lottery operator for the state of Texas. IGT shares our passion for innovation and our pursuit to provide the citizens of Texas with the best entertainment experience available through our products."

In its most recent financial year, the Texas Lottery generated record sales of approximately $5.07bn, ranking in the top five lotteries in the US in terms of total sales.

Shares in International Game Technology plc (Co. Data) (NYQ:IGT) closed at US$27.14 per share in New York Monday.