Scientific Games Congratulates Oklahoma Lottery On Topping $1 Billion In Contributions To K-12 Education
Scientific Games Congratulates Oklahoma Lottery On Topping $1 Billion In Contributions To K-12 Education
$1 Billion to Education Milestone Coincides with Lottery's 15th Anniversary
LAS VEGAS and ATLANTA, Sept. 28, 2020 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") congratulates the Oklahoma Lottery (or the "Lottery") on surpassing the $1 billion in contributions to the Oklahoma Education Lottery Trust Fund maximizing revenue for public education in the state. The $1 billion milestone coincides with the Oklahoma Lottery's 15th Anniversary, giving the state cause to celebrate. The Oklahoma Lottery is one of the youngest in the U.S. and has partnered with Scientific Games on all of its games and technology since the Lottery's inception in 2005.
"When voters approved the Oklahoma Lottery in 2004, they did so with the promise of increased funding for education. Today we celebrate an accomplishment that has helped countless Oklahoma teachers and students," said Jay Finks, Deputy Director of Oklahoma Lottery. Finks will become the Executive Director on November 1.
In 2017, the Oklahoma Lottery received profit relief through state legislation, and entered a major growth phase with a commitment to deliver additional dollars to Oklahoma education. Since the relief went into effect July 1, 2017, scratcher game retail sales have grown by almost 200%.
"The Oklahoma Lottery recognizes Scientific Games' partnership and commitment to helping our organization succeed. Their contribution to our business has been a major factor in our recent success and why we can celebrate hitting the $1 billion mark," said Finks.
Through its performance-driven Scientific Games Enhanced Partnership program, the Company provides Oklahoma Scratchers games as well as collaborating with the Oklahoma Lottery's team on all of the components that make an instant lottery program successful, including analytics and insights, advanced logistics, and retailer optimization. Additionally, Scientific Games provides the Lottery's central gaming system and services across the network of 1,900 Oklahoma Lottery retailers. The Company has a 50+ member staff based at its Oklahoma City operations.
"On behalf of Scientific Games, we congratulate the Oklahoma Lottery on topping $1 billion in proceeds to education at its 15th Anniversary," said John Schulz, SVP Instant Products for Scientific Games. "We commend the Lottery for its vision and commitment to maximizing profits to benefit education. It has been an honor to support its leadership and the State of Oklahoma on this journey to success."
U.S.-based Scientific Games launched the world's first secure retail instant game in 1974, the first digital instant game in the U.S. in 2014, and is the leading provider of lottery interactive games, mobile apps, player loyalty programs and other interactive products and services in the U.S. lottery industry. The company is also the fastest growing lottery systems technology provider in the U.S.
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.
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Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
