Scientific Games wins Iowa Lottery contract

(PRESS RELEASE) -- Scientific Games Corporation announces it won the Iowa Lottery's 10-year contract for a new statewide gaming system to serve the lottery and the 2,400 retail locations where Iowa Lottery games are sold. The Iowa Lottery Authority Board voted 5-0 to award Scientific Games the contract and begin negotiations immediately. The 10-year contract may be extended by the Lottery up to five additional years. The Iowa Lottery plans to flip the switch to the new gaming system in the summer of 2021.

Scientific Games was selected as the best choice to meet the Iowa Lottery's business objectives and upgrade the Lottery's 2011 technology with minimal disruption to game sales, providing millions of dollars for vital state programs benefiting Iowans.

The Company won the contract based on highest overall score and ability to maximize funding for the Lottery's beneficiaries. Over the last eight years of the Company's current contract with the Iowa Lottery, the Lottery experienced an $878 million growth in total retail sales, or an average of $109 million in growth per year. Scientific Games also provides instant scratch games to the Iowa Lottery.

The Iowa Lottery's gaming systems provider for the past 18 years, Scientific Games will deliver technology to the Iowa Lottery with minimal disruption to retail sales and responsibly generate vital funding for Iowa state programs, like university research, veterans and agriculture.

"Scientific Games appreciates the trust the Iowa Lottery has placed in our Company and our technology to continue supporting programs that help make Iowa a great place to live," said Pat McHugh, Lottery Group CEO for Scientific Games. "We are also very proud that the hard work of our teams and ability to successfully align with lotteries' business plans continues to position Scientific Games as the fastest growing lottery systems provider in North America."

Scientific Games is working with the Iowa Lottery to finalize the contract and plan a seamless switch to the new technology. As part of the new technology rollout, the Iowa Lottery will upgrade to an advanced gaming system, central communications network, retailer terminals, and player self-service kiosks.