IGT signs five-year contract extension with South Dakota Lottery
The deal is now set to last until 2031.
International Game Technology (IGT), who are the primary technology provider to 25 lotteries in the US, has announced the extension to its contract with the South Dakota Lottery, for five years, which will see it run until at least 2031.
Alongside this contract extension, IGT will deliver its Scan and Redeem solution, which will enable the South Dakota Lottery players to scan a draw-based or instant scratch ticket to redeem winnings from anywhere between $101-$5,000. This will go directly into the linked bank account of the player, via automated clearing house (ACH) transfer.
South Dakota Lottery Executive Director, Norm Lingle, said: “By introducing IGT’s Scan and Redeem functionality, South Dakota Lottery offers players the opportunity to have expanded options to receive their winnings, rather than needing to drive several hours to a redemption center or wait for checks to be delivered in the mail.
“IGT has been our trusted growth partner for nearly 15 years, and we are pleased to extend this successful partnership for five more years, providing more convenient lottery solutions to our players.”
IGT COO, Global Lottery, Jay Gendron, added: “IGT’s Scan and Redeem component offers enhanced player options to better accommodate the South Dakota Lottery and its players.
“Our lottery technology is backed by decades of lottery industry leadership and incorporates the most secure, reliable and responsible functionality. Over the course of this extension, we are confident that the Lottery will continue to benefit from our advanced solutions, resulting in increased funds for the State’s good causes.”
On Tuesday, IGT reported Q3 revenue of $1.06bn for the third quarter in a row, with the company expecting its Q4 of this year to deliver similar results to Q4 2022.
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