International Game Technology PLC has been named the winner of a bid for the contract to supply video lottery terminal monitoring technology to the Ohio Lottery.
Ohio has awarded IGT a $50 million, 10-year Video Lottery Terminal (VLT) contract, effective retroactively as of May 31.
Ohio Lottery awards IGT with 10-year, $50 million VLT contract
At the core of the contract is IGT’s Intelligen™ technology, which now provides security monitoring for the more than 10,000 Ohio Lottery terminals in the Buckeye State. Via those terminals, consumers can purchase lottery tickets, multi-state game tickets, and daily game tickets from a secure touch-screen terminal.
Ohio VLT machines are featured in a variety of locations throughout the state, including:
- Belterra Park Cincinnati
- Eldorado Scioto Downs
- Hollywood Gaming Dayton Raceway
- Hollywood Gaming Mahoning Valley Race Course
- Jack Thistledown Racino
- MGM Northfield Park
- Miami Valley Gaming
IGT adds Ohio to growing list of operational jurisdictions
May was a busy month for IGT, as the company celebrated a deal to provide video gaming technology in Mississippi. IGT also announced expanded offerings with casino partners in Michigan last month. Now at the end of June, the company can add Ohio to its growing list of accomplishments.
IGT, based in London, England, is a worldwide leader in video terminal technology. Specifically, the company has made a name for itself by designing innovative technology for regulated gaming. IGT provides gaming technology in roughly 100 jurisdictions worldwide. This marks the company’s first venture in Ohio.
Nick Khin, IGT Chief Operating Officer, Gaming, said in a press statement this week:
“Winning this highly competitive RFP [Request For Proposal] process is a testament to IGT’s significant innovation, dedication to central monitoring systems, and the great team of professionals that continue to propel our success.”
Ohio Lottery, IGT partnership could run through 2035
VLT sales are a significant source of Ohio Lottery revenue, making up nearly 23.3% of total revenue in 2023.
In the last three years, Ohio has sold more than $2 billion worth of draw-based games annually. These draw games include offerings such as Powerball and Mega Millions, as well as VLT games like EZPLAY and Touch & Win. Ohio has had similar success with its scratch-off games, selling another roughly $2.3 billion on games like Max the Money and Extreme Million each year.
Total Ohio VLT revenue amounted to nearly $1.4 billion in 2023. Now that IGT is involved, officials will likely be expecting an even higher number for 2024 VLT revenue.
IGT’s VLT contract runs through 2033, at which point the Ohio Lottery Commission has the option to extend the deal for up to two additional years.
