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Scientific Games wins Florida Lottery contract

20 Jun 2008

NEW YORK -- (PRESS RELEASE) -- Scientific Games (Nasdaq: SGMS) announced it has been awarded a contract as the primary vendor to supply instant tickets and related services, including marketing, shipping, warehousing, game design, inventory control, distribution and sales staff training, to the Florida Lottery. The contract, which is expected to begin in October 2008, has an initial term of six years and provides for two extension options of two years each. Scientific Games was chosen as the primary vendor in an open and competitive procurement process, and received the highest score in every element of the technical evaluation criteria. Revenue to Scientific Games is estimated to total approximately $35 million per year.

"The Florida Lottery is one of our legacy cooperative service contracts and has been one of the biggest instant ticket success stories since its inception," said Lorne Weil, Chairman and CEO of Scientific Games. "The Florida Lottery is an industry leader, a valued customer, and we feel privileged to work with them to help raise more money for education over the next ten years."

"We have had a great relationship with Scientific Games over the years," said Leo DiBenigno, Secretary of the Florida Lottery. "Our instant ticket sales have more than tripled over the last ten years of working with Scientific Games, and we look forward to the continuation of this strong relationship."

In 2007, the Florida Lottery generated over $4 billion in retail sales, of which $2.3 billion was derived from instant tickets. Over the last five years, the Florida Lottery has grown 77% and contributed over $5 billion to Florida's Educational Enhancement Trust Fund.

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