Extending the scope of the relationship
International Game Technology (IGT) Plc has earned a four-year extension to its contract with the New York Lottery. IGT announced on Tuesday that its IGT Global Solutions Corporation subsidiary will continue supplying technology to one of the biggest state lotteries in the US. As a result of the latest agreement, IGT’s contract will run until August 2026.
launching a new payments and claims system
IGT will be launching a new payments and claims system as part of the fresh deal. It will also continue supplying its lottery central system and other relevant technology to the New York Lottery, as well as field services, distribution, call center support, retailer training, infrastructure upgrades, and instant ticket warehousing.
A long-running agreement
Speaking about the contract extension, IGT chief operating officer for the global lottery department Jay Gendron said: “For more than 35 years, we have worked collaboratively with the Lottery to deliver world-class, innovative solutions for retailers and players alike.” IGT and the New York Lottery have been working together since 1986.
It has been a busy week for IGT-related news. It was recently revealed that IGT will be paying about $269.75m of a $415m lawsuit settlement regarding one of its former business units, Double Down Interactive. The lawsuit made claims that Double Down’s social casino games were in violation of Washington State law. IGT had sold the business in 2017.
Plenty of action in New York
There are not too many state lotteries that are bigger than the one in New York. The New York state lottery has been around since 1967, with most of the revenues going toward funding public education programs.
It has been a busy year so far for New York’s gambling sector. State-wide online sports betting went live in January, leading to some impressive handle and revenue results. There is also an ongoing push to allow for three commercial casino licenses for New York City. Many operators are interested in getting in on the potential action.
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