Ohio Lottery Signs with GTECH

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Corporation, has signed a two-year contract extension with the Ohio Lottery Commission to continue its role as the provider of an online/instant lottery central system and related services. In addition, the Lottery signed a separate two-year extension with GTECH for the lease of Instant Ticket Vending Machines (ITVMs). Both extensions will commence on July 1, 2005, and can be extended for an additional two years at the option of the Lottery.

"The Ohio Lottery is a highly-valued customer and we are pleased at the opportunity to con inue working with them," said GTECH President and CEO W. Bruce Turner. "These contract extensions illustrate the Lottery's confidence in GTECH's capabilities and are a testament to the success of our 20-year business partnership."

Under the terms of the online/instant system contract extension, GTECH will continue providing the Lottery with the operation and maintenance of the central system, including instant ticket validation; maintenance of terminals; marketing support; hotline management; and field service.

Under the ITVM extension, GTECH will continue to supply the Lottery with 1,500 ITVMs through June 30, 2007. In addition, the Lottery will receive a minimum of 50 additional ITVMs, which are expected to be deployed by September 2005.

GTECH has provided lottery products and services to the Ohio Lottery since 1985. With respect to both contract extensions with the Lottery, the Company expects to generate approximately $50 million over the two-year period.

The Ohio Lottery's most recent annual sales were $2.1 billion. Proceeds from the Lottery are earmarked for public education.