Scientific Games Celebrates Florida Lottery’s All Time U.S. Record-breaking Week Of Instant Game Sales
Record Week of Sales Will Contribute $23 Million+ to Education in Florida
LAS VEGAS and ATLANTA – March 13, 2018 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) congratulates longtime customer the Florida Lottery (the “Lottery”) on breaking the U.S. record for single week sales of instant games. The week ending March 4, 2018 Floridians purchased $123,841,686 in “scratch-offs”, generating more than $23 million in contributions to the Educational Enhancement Trust Fund, benefiting students in Florida. More than 98.7 percent of the games sold were created by Scientific Games.
The Florida Lottery also experienced its best overall sales week of the fiscal year with $167,620,057 in total sales (instant and other games), with a total of approximately $40 million benefitting education in the state.
“We are thrilled to share that the U.S. lottery industry’s latest record-breaking week in Florida was led by our new $30 100X The Cash game with more than $34,279,230 in retail sales,” said Jim Poppell, Florida Lottery Secretary. “Our new game represented a remarkable 27.6 percent of the week’s instant game sales. Floridians love the game, and last week they claimed more than $23.5 million in prizes playing it.”
The new $30 100X The Cash also broke the Lottery’s own record for individual instant game sales set last year by its $25 $10,000,000 World Class Cash game, which launched the same week the Lottery hit the U.S. weekly record for instant game sales in March 2017. Both games were designed and manufactured by Scientific Games. One year ago, the Florida Lottery shattered the U.S. record with more than $105.2 million in weekly instant game sales the week ending March 5, 2017, which was topped by the California Lottery the last week of December 2017 with $112.1 million in weekly “scratcher” sales.
“Scientific Games congratulates the Florida Lottery and we are honored to celebrate breaking the U.S. record for weekly instant game sales with them,” said John Schulz, Senior Vice President, Instant Products for Scientific Games. “We will continue our longtime collaboration with the Lottery to bring entertaining instant games to Floridians, along with our technology and services that help generate more contributions to the Educational Enhancement Trust Fund.”
Instant games are an important part of the Florida Lottery’s portfolio of games, comprising about 68 percent of its total sales last fiscal year. The Lottery participates in Scientific Games’ Cooperative Services Program (CSP) which provides instant game design, programming, manufacturing, inside sales, marketing, warehousing, distribution and retail services. The Company serves more than 13,000 Florida Lottery retailers from its CSP facility in Orlando.
Scientific Games launched the world’s first secure instant game in 1974. The Company provides games, technology and services to more than 150 lotteries around the globe, including nearly every North American lottery.
© 2018 Scientific Games Corporation. All Rights Reserved.
About Scientific Games (www.scientificgames.com)
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The Company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology.
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 and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's 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 March 1, 2018 (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.
Source: Scientific Games
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