Show Me State Demonstrates Education Comes First With New, Five-Year Scientific Games Lottery Contract

Rhea-AI Summary

Scientific Games Corporation (NASDAQ: SGMS) has secured a new five-year contract with the Missouri Lottery, extending their long-standing partnership. This contract, which includes an option to extend for another five years, recognizes Scientific Games' role in driving significant proceeds for education, totaling over $7 billion since inception. The Missouri Lottery's retail sales for Scratchers reached $1.1 billion in 2020, marking a 79% increase since 2011. Player engagement has also surged, evidenced by an 85% increase in registrations for the digital My Lottery® Players Club in fiscal year 2021.

Positive

• Secured a new five-year contract with Missouri Lottery.
• Generated over $7 billion for education in Missouri since inception.
• Scratchers retail sales reached $1.1 billion in 2020, up 79% since 2011.
• 85% increase in player registrations for My Lottery® Players Club in fiscal year 2021.

Negative

• None.

LAS VEGAS and ATLANTA, Oct. 20, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) announces the Missouri Lottery (the "Lottery") has awarded its longtime instant games and loyalty program provider a new, five-year primary contract with option to extend for up to five years. Scientific Games, the Missouri Lottery's primary instant game supplier since its start-up in 1986, has helped drive meaningful growth in proceeds for education in the Midwest state and positioned the Lottery as one of the Top 20 performing instant game lotteries in the world (La Fleur's 2021 Almanac, per capita sales). The Company launched the Missouri Lottery's first digital player loyalty rewards program in 2012.

May Scheve-Reardon, Missouri Lottery Executive Director, said, "We are confident in our decision to continue the Missouri Lottery's success with the award of our primary instant game and loyalty program contract to Scientific Games. Our partnership over the decades has led to high-performing Scratchers games and exciting digital experiences with Missourians. Most importantly, our collaboration has helped us generate a total of more than $7 billion for education in our state."

In 2020, the Missouri Lottery's Scratchers retail sales topped $1.1 billion, growing 79% since 2011 under its current contract with Scientific Games. My Lottery® Players Club, where Missouri players can engage digitally with the Lottery, earn rewards and choose prizes, has grown exponentially over the years with fiscal year 2021 seeing a year-over-year growth of 85% in player registrations and a 58% growth in monthly active users.

John Schulz, Senior VP, Lottery Instant Products for Scientific Games, said, "Our instant products and digital lottery teams are committed to this successful partnership and to serving the Missouri Lottery with unparalleled excellence. We are proud that our work across the retail and digital channel has resulted in one of the world's highest performing lotteries, and we look forward to continuing our track record of delivering maximum proceeds for education in Missouri."

Scientific Games launched the world's first secure retail instant game in 1974, the first digital instant game in the U.S. in 2014, and is the world's largest creator, manufacturer and services provider of instant games in the world. The Company currently provides games, technology and services to more than 130 lotteries in over 50 countries around the globe, including nearly every North American lottery. 

All ® notices signify marks registered in the United States. © 2021 Scientific Games Corporation. All Rights Reserved.

About Scientific Games

Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

Media Inquiries:
Media@scientificgames.com 

Forward-Looking Statements

In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2021 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Scientific Games Corporation

FAQ

What is the new contract awarded to Scientific Games by the Missouri Lottery?

Scientific Games was awarded a new five-year primary contract with the Missouri Lottery, with an option to extend for another five years.

How much revenue has the Missouri Lottery generated for education since its inception?

The Missouri Lottery has generated over $7 billion for education since its start.

What were the retail sales figures for Missouri Lottery's Scratchers in 2020?

The retail sales for Missouri Lottery's Scratchers topped $1.1 billion in 2020.

What growth did the My Lottery® Players Club experience in fiscal year 2021?

The My Lottery® Players Club saw an 85% growth in player registrations year-over-year in fiscal year 2021.

Who commented on the partnership between Scientific Games and Missouri Lottery?

May Scheve-Reardon, Missouri Lottery Executive Director, expressed confidence in the partnership, citing its success in high-performing Scratchers games and digital experiences.