With significant changes coming to the state’s gambling industry in the near future, the pending expiration of a contract between IGT and the Kansas Lottery bore some intrigue. Speculation on that matter is now effectively over before it really began.
The two parties announced a decade-long extension of their relationship on Thursday. For both sides, the new deal means new opportunities.
IGT, Kansas Lottery renew their contract
According to a press release, the new agreement runs through Dec. 14, 2032. IGT has been the Kansas Lottery’s ticketing vendor since 2009. This is the second extension of the relationship in the past three years.
The deal does more than just provide continuity for the parties for another decade, though. IGT says it will provide lottery retailers in the state with new tools. IGT’s INTELLIGEN software contains those tools.
“IGT’s upgraded INTELLIGEN system will provide the Kansas Lottery with a suite of comprehensive tools designed to drive revenues and offer its players world-class gaming experiences,” said Jay Gendron, IGT’s Chief Operating Officer for Global Lottery, in the release.
“INTELLIGEN’s improved system performance will also allow the Lottery to manage its vast network with maximum efficiency over the next decade and position the Lottery to deploy future functionality to meet the needs of the evolving gaming landscape.”
The upgrades to the systems for lottery retailers come at a crucial time. They will soon have a new product to sell to players.
Lottery will have stake in legal sports wagering
The latest expansion of legal gambling in Kansas includes the Lottery. The law allows the lottery retailers to take parlay wagers on sports. It’s unclear exactly what that system will look like as of right now.
Barring future changes in the law, bettors will have to physically place such wagers at a lottery retailer. The law in Kansas currently does not allow the Lottery to sell products directly to consumers online.
While the press release does not mention whether a system for parlay wagers on sports is part of this contract, IGT does have a platform for sports betting called IGT PlaySports. More information about the Lottery’s sports betting options should become available as time passes.
The passage of the next 10 years should not affect the Lottery’s more traditional products, though. IGT is sticking around for all 10 of them.