Peter Schorsch
The Florida Lottery will be extending the state’s more than 30-year-long partnership with Scientific Games, the only U.S.-based full-service lottery supplier, sources told Florida Politics late Tuesday.
A Lottery evaluation committee met in a public meeting last Monday and recommended Scientific Games as the primary supplier of the state’s scratch-off ticket program.
The Lottery posted its intent to award on the state’s procurement website late Tuesday.
Scientific Games’ marketing plan is expected to generate $8.5 billion in additional education funds for Florida students, including the financing of an additional 626,000 Bright Futures Scholarships in the years ahead.
As Florida Politics
Scientific Games is the state’s lottery vendor that licenses and prints this popular game. It has held the contract since the state lottery’s began more than 30 years ago.
The Las Vegas-based company was also recently named the “Lottery Supplier of the Year Award” by Gaming Intelligence, an industry trade journal.
Florida Politics also previously reported that the Lottery invested $1.9 billion in education funding during the fiscal year ending June 30.
That breaks the record set in the 2017-18 fiscal year when the Florida Lottery contributed $1.7 billion to the Educational Enhancement Trust Fund.
In 1988, tickets produced by Scientific Games accounted for $533 million of first-year sales. In the 2017-18 fiscal year, The Florida Lottery sold more than $4.6 billion scratch-off tickets, which equates to 70 percent of overall sales.
Of the $1.7 billion pumped into the EETF that year, more than $900 million was attributed to instant game sales.
One comment
TheRabbitsEye
August 21, 2019 at 1:54 pm
You should report on the vastly larger sum of money vanishing to something other than education or prize payouts.
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