Scientific Games signs Texas Lottery Instant Ticket contract

NEW YORK -- (PRESS RELEASE) -- Scientific Games Corporation (SGMS) today announced that the Company has signed a contract to supply instant ticket games and related services to the Texas Lottery Commission. The Company was selected following a competitive procurement process. The six-year contract, which begins on September 1, 2012, includes options for the Lottery to extend the contract for two additional three-year periods. Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis.

"Scientific Games has been a reliable and consistent supplier with whom we've produced entertaining and creative games," said Gary Grief, Executive Director of the Texas Lottery Commission. "We are pleased we can continue this relationship with Scientific Games in the hopes of returning more revenue to the state of Texas."

"Texas is the fourth largest lottery in the U.S., so this is an important contract win for us," commented Jim Trask, President of Printed Products for Scientific Games. "We are honored to be selected and are confident the instant tickets we produce together with the Texas Lottery will be of the highest standards of security and integrity."

In fiscal year 2011, the Texas Lottery generated lottery revenues of $3.8 billion, of which $2.8 billion was derived from instant ticket game sales, and over $1.0 billion was contributed to support public education in Texas.

About Texas Lottery
Beginning with the first ticket sold in 1992, the Texas Lottery has generated more than $20 billion in revenue for the state of Texas and distributed $38 billion in prizes to lottery players. Since 1997, the Texas Lottery has contributed more than $14 billion to the Foundation School Fund, which supports public education in Texas. As authorized by the Texas Legislature, certain Texas Lottery revenues benefit state programs including the Fund for Veterans' Assistance.