Intralot signs extension with Vermont Lottery

Intralot signs extension with Vermont Lottery

Thursday, July 20, 2017 Posted by James Walker
The lottery contract has been renewed until 2020

Intralot continues to reinforce its presence across the North American lottery sector, with the company announcing that the Vermont Lottery has renewed its contract with the gaming solutions group for two years.

Under the terms of the $5 million contract renewal, Intralot’s US subsidiary will continue to provide a secure and central gaming system that delivers, manages and accounts for all current tristate and multi-draw games, inventory control and logistics.

The deal covers the full complement of the Vermont Lottery’s scratch games, Fast Play games, Fast Play Progressive games and other related services.

The extended renewal provisions include additional retailer jackpot signs, graphical rebranding of the player-activated lottery vending machines and a state-of-the-art field sales software solution with related equipment.

According to the companies, the collaboration between the Vermont Lottery and Intralot has provided resilient technology solutions and innovative products. Over the last seven years, the group has partnered with the operator to earn over $636 million in revenue and $138 million for the Vermont Education Fund.

In 2016, the Vermont Lottery earned a record $124 million in revenue to the benefit of $26.4 million for the education fund.

“Our experienced US team will closely co-operate with the Vermont Lottery in the new period to help the lottery meet its goals for responsible growth and greater returns for good causes,” said Intralot CEO, John Donahue.

Lottery games are the largest contributors to Intralot’s top line, comprising 44.6% of the group’s revenues in the first quarter of 2017. During the period, revenues in the group’s North America division were up 12% to $175 million.

Totally Gaming says: The Vermont contact renewal follows the recent extension of Intralot’s supply agreement with the Ohio Lottery and a new partnership with Idaho’s incumbent operator. Not only is the company’s expanding North America presence translating to healthy top line gains, Intralot’s leading-edge lottery solutions are helping operators generate more revenues for the good causes they serve.

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