Hoosier Lottery to negotiate private vendor partnership with GTECH
Outsourced operations projected to generate $2.1B
Last Updated: 431 days ago
INDIANAPOLIS - The State Lottery Commission of Indiana will begin negotiating an outsourcing agreement with GTECH Corporation which could drum up $2.1 billion in revenue for Indiana.
The Rhode Island-based GTECH will help Hoosier Lottery with marketing, sales and distribution, officials said.
Hoosier Lottery officials said the 15-year agreement will be successful by increasing the Lottery's current contracted services from 88 percent to 95 percent.
"The commission was compelled by the potential value of this opportunity and the huge benefit to Hoosier taxpayers," said Hoosier Lottery Executive Director Karl Browning. "Every extra dollar that is generated is one more dollar for the State's General Fund."
GTECH was unanimously recommended by a selection team, which liked its credible and detailed business plan, officials said.
"GTECH demonstrated a commitment to bring a significant level of experience, innovation and accountability to the Hoosier Lottery," Browning said. "We look forward to creating a constructive and productive relationship."
GTECH will begin providing additional services to the Hoosier Lottery by February 2013.
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