The size of the contract has set a new benchmark for Iowa. Iowa lottery chief executive officer Terry Rich said the 10-year contract is the largest contract ever approved in the Iowa Lottery’s 25-year history.”
Scientific Games came up big-time with this contract, which is just what the doctor ordered after the company recently posted poor Q3 results compared with the same period last year. Winning the Iowa contract wasn’t a cakewalk as both Intralot and GTECH were in the mix. Scientific Games, after receiving the highest technical score and the best pricing score from a lottery committee that evaluated the bids walked away with Iowa Lottery’s largest contract ever.