IGT Extends Contract with South Dakota Lottery to Provide Scan and Redeem Solution
IGT, a global leader in gaming, has announced that its subsidiary, IGT Global Solutions Corporation, has extended its contract with the South Dakota Lottery for five years, until 2031. As part of this contract extension, IGT will deliver its Scan and Redeem solution, allowing South Dakota Lottery players to easily redeem their winnings ranging from $101 to $5,000 directly into their bank accounts.
The introduction of IGT’s Scan and Redeem functionality aims to provide players with expanded options to receive their winnings, eliminating the need to travel long distances to a redemption center or wait for checks to be delivered in the mail. Norm Lingle, Executive Director of the South Dakota Lottery, expressed his enthusiasm for the partnership, stating, “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.”
Jay Gendron, IGT’s Chief Operating Officer, Global Lottery, highlighted the benefits of the Scan and Redeem component, stating that it offers enhanced player options to better accommodate the South Dakota Lottery and its players. He emphasized the security, reliability, and responsibility of IGT’s lottery technology, stating, “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.”
As the global lottery market leader, IGT serves as the primary technology provider to 25 lotteries in the U.S., eight of the world’s largest 10 lotteries, and 16 of the world’s top 25 lotteries. The company’s extensive experience and commitment to innovation have positioned it as a trusted partner in the industry.
IGT, which operates in the UK and worldwide, delivers entertaining and responsible gaming experiences across various channels and regulated segments, including Lotteries and Gaming Machines to Sports Betting and Digital. With a strong presence in over 100 jurisdictions globally, IGT adheres to the highest standards of service, integrity, and responsibility.
While this contract extension and the introduction of the Scan and Redeem solution bring positive changes to the South Dakota Lottery, it is important to note that forward-looking statements made in this news release are subject to various risks and uncertainties. Factors such as changes in market conditions could impact the actual results. Therefore, caution is advised when interpreting these statements.
IGT is a global leader in gaming, delivering unrivaled gaming experiences across multiple channels and regulated segments. With a focus on innovation, player insights, and leading-edge technology, IGT continues to engage players and drive growth. The company has a local presence in over 100 jurisdictions worldwide and upholds the highest standards of service, integrity, and responsibility.
Disclaimer: This news release may contain forward-looking statements, and readers are encouraged to consider the potential risks and uncertainties that may affect the Company’s business. It is important to note that the Company does not assume any obligation to update these forward-looking statements.
More detail via Markets Insider here… ( Image via Markets Insider )