New York-listed gaming and lottery supplier Scientific Games has secured a six-year extension to its instant games contract with the Texas Lottery.
The company's contract for instant scratch games has been extended through to 2024, continuing a relationship that stretches back to the Texas Lottery's inception 26 years ago.
Scientific Games currently provides the lottery with a range of instant products including spotlight games, families of games, Scratch My Back games offering play on both sides of the ticket, and new high-definition HD Games.
Last year the Texas Lottery was the first of 16 US lotteries to launch Scientific Games' blockbuster Willy Wonka Golden Ticket multi-state linked instant game, with winners from Texas attending the Billion Dollar Challenge event in Las Vegas in spring.
"The Texas Lottery recognizes the continuous innovation that Scientific Games invests to create very marketable games that are not only enjoyed by our players, but help us make important contributions to education and veterans' assistance in our state," said Texas Lottery executive director Gary Grief. "Scientific Games is a trusted business partner, and we look forward to six more years of 'scratch' game entertainment that has been a vital part of the Texas Lottery's growth over many years."
With a total contribution of $1.45bn to education and veterans' assistance in the state in fiscal year 2018, the Texas Lottery has generated more than $1bn in revenue for Texas for 15 consecutive years and has experienced record sales for eight straight years.
"Scientific Games is honored to continue our longtime instant games partnership with the Texas Lottery," said John Schulz, senior vice president of instant products, Lottery for Scientific Games. "Led by an account team that is highly experienced with the Texas Lottery's unique business and revenue requirements, our game designers are already innovating more value-added products that can help the Lottery achieve its financial goals in the coming years."
Shares in Scientific Games Corporation (NSQ:SGMS) closed up 0.96 per cent at $24.24 per share in New York Wednesday.