Lottery supplier INTRALOT Group announced Thursday that its US subsidiary INTRALOT Inc. has extended its partnership deal with the Georgia Lottery Corporation to 2029. INTRALOT provides the state lottery with advanced services for its COAM technology (Coin Operated Amusement Machines).
The Georgia Lottery awarded INTRALOT Inc. with a contract for the Duluth-based subsidiary’s iGEM Central Monitoring and Accounting System and related products and services in 2014. The contract started on January 1, 2015, and was initially expected to run through December 31, 2022.
Georgians Spent $3 Billion on Machines
The COAM project has been thriving in the state since the GLC decided to regulate the industry in 2013. Lottery President and CEO Gretchen Corbin said last September that Georgians have spent more than $3 billion on gaming machines during the last fiscal year. Prizes were valued at $2.1 billion, which leaves more than $900 million in net revenue for COAM-licensed businesses.
The long-term partnership aims to maximize “the contribution to educational funds for the state of Georgia”, INTRALOT Group CEO Chris Dimitriadis said.
CEO of INTRALOT Inc Byron Boothe said the company is incredibly pleased with the 6 years partnership and expects more to come thanks to the contract extension and the technology upgrade.
INTRALOT Boosts Lottery Potential
Over the next decade, INTRALOT Inc. will provide the Georgia Lottery with high-end modern technology to develop and expand its activities. Both groups have already proven they have established a dynamic partnership in monitoring and accounting for the COAM project.
INTRALOT has invested more than $500 million into its US subsidiary, which currently provides technology and management services to 11 other state lotteries in the US: Arkansas, Idaho, Illinois, Louisiana, Montana, New Hampshire, New Mexico, Ohio, Vermont, and Washington DC.