International Game Technology (IGT) has agreed a new deal to provide its Scan and Redeem solution to the South Dakota Lottery until 2031.
The five-year contract extension enables South Dakota Lottery players to scan a draw-based or instant scratch ticket to redeem winnings between $101 and $5,000 directly into their linked bank account, via automated clearing house (ACH) transfer.
“By introducing IGT’s Scan and Redeem functionality, South Dakota Lottery offers players the opportunity to have expanded options to receive their winnings, rather than needing to drive several hours to a redemption center or wait for checks to be delivered in the mail,” said South Dakota Lottery executive director Norm Lingle.
“IGT has been our trusted growth partner for nearly 15 years, and we are pleased to extend this successful partnership for five more years, providing more convenient lottery solutions to our players.”
Jay Gendron, IGT’s chief operating officer for global lottery, added: “IGT’s Scan and Redeem component offers enhanced player options to better accommodate the South Dakota Lottery and its players.
“Our lottery technology is backed by decades of lottery industry leadership and incorporates the most secure, reliable and responsible functionality. Over the course of this extension, we are confident that the Lottery will continue to benefit from our advanced solutions, resulting in increased funds for the State’s good causes.”
Shares in International Game Technology plc (NYSE:IGT) closed 3.68 per cent higher at $28.20 per share in New York Friday.