INTRALOT Group Chairman & CEO Sokratis P. Kokkalis “In 3Q2019 we continued progress on our strategy to mitigate the impact of contract losses by means of our three-prong strategy of cost-reductions, winning new business, and the disposal of non-core assets. We are particularly satisfied about the award of a new US Sports Betting contract for the Lottery of New Hampshire which is an important step for our growth strategy in the US, and the successful sale of our stake in the Italian Sports Betting operator Gamenet for a total consideration of €78.0m, that will offer a strong boost to our cash position and a reduction of our net debt in the FY2019 results.”

“INTRALOT has delivered innovative lottery products and solutions to the New Hampshire Lottery Commission since it became a valued customer of ours in 2010,” said Nikos Nikolakopoulos, INTRALOT Group Deputy CEO. “The newly introduced sports betting offering to the State gives us the opportunity to deploy our next generation solutions and in-field expertise ensuring an unparalleled player experience for its citizens”. “Through this contract amendment to provide our leading sports betting technology, we will power the New Hampshire Lottery and will expand its well-established operation with new and exciting entertainment options while attracting a new demographic of players,” said Byron Boothe, INTRALOT Inc., Interim CEO. “We look forward to continue working together with the Lottery to maximize sales growth and ensure increased returns in a socially responsible way for the State and its citizens.”

Stocks rose by more than 15 percent in the opening minutes of trading, as investors vied to get a piece of a company that is guaranteed to hold its monopoly on lottery products, live and online, and retail sports betting for the next 25 years.

Hoosier Lottery Executive Director Sarah Taylor said that percentage has remained steady in recent years – meeting its goal. “We are also trying to do better with winner awareness. As sales increase, so goes the winning opportunities to our players, so it's important for us to message,” she said. The payout percentage has remained steady at a time when sales have grown – jumping from about $1 billion in 2015 to $1.34 billion last year. Over the life of the lottery, almost $14 billion has gone to winners and $6 billion to the state to reduce license plate fees and aid teacher and police and fire pensions.

The state’s sports betting law allows for the casinos to have up to three sportsbooks at their casinos. Currently, Hollywood Casino at Charles Town, the Greenbrier and Mountaineer Racetrack and Casino have one each. State Lottery Director John Myers said the groundwork is being laid to add to those numbers.

Sales from July thru October of this year were $353.3 million, which is $12.8 million (3.5%) less than the same period in the previous year. "That $1.5 billion Mega Millions jackpot was a huge outlier in sales last year, and we haven't had any jackpot close to resembling that size this time around," said Kentucky Lottery President and CEO Tom Delacenserie.

"Enabling The Mill Casino in Oregon to offer world-class sports betting experiences is another important milestone in the expansion of IGT's position in the U.S. sports betting market," said Enrico Drago, IGT PlayDigital Senior Vice President. "The solution's market-readiness and proven capacity to seamlessly process high volumes of bets across devices and channels continues to differentiate IGT PlaySports in the market and has helped fuel its expansion into 11 U.S. states."

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